Outdoor Equipment $($OE$)$ sells camping equipment. On December $1,$ the accounts receivable account had a balance of $$50,500,$ the bad debt expense account had a balance of $$0,$ and the allowance for doubtful accounts had a credit balance of $$5,050.$ Journalize the remaining journal entries for the $2023$ year.

Dec. $2$ Sold tents for $$5,100$ on account with a cost of $$2,550.$

Determined that the total accounts of Rocky Co$.$ with an accounts receivable balance of $$1,250$ and

$20$ Grouse Co$.$ with an accounts receivable balance of $$2,550$ were uncollectible and needed to be written off.

$23$ Unexpectedly received payment from Grouse Co: for $$2,550.$

$31$ Estimated that $10\%$ of accounts receivable recorded to date would be uncollectible.

Required:

Prepare journal entries to record the transactions. Note: Write$-$off of uncollectible accounts for Rocky Co$.$ and Grouse Co$.$ should be posted separately.

Journal entry worksheet

$1(1)$

$2$

$3$

$4$

$5$

$6$

Record the full payment of account.

Post the T$-$account for accounts receivable, bad debt expense, and allowance for doubtful accounts. Determine the ending balance for each account.