From inception of operations to December 31, 2025, Bridgeport Corporation provided for uncollectible accounts recevable under the allowance method, The provisions are recorded, bused on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written ofr were credited to the allowance account, and no year-end adjustrents to the allowance account were mode. Bridgeport's usual credit terms are net 30 deys. The balance in Aliowance for Doubthul Accounts was $131,300(Cr) at lanusry 1, 2025. During 2025, credit sales totaled $9,101,900, the provision for doubtful accounts was determined to be $182,036,$91,019 of bad debts were written off, and recoveries of accounts previously written off amounted to $19,950. Bridgepert installed a computer system in November 2025, and an aging of accounts receivable was prepared for the first time as of December 31, 2025. A summary of the aging is as follows. Based on the review of collectability of the account balances in the "prior to 1/1/25 " aging category, additional receivables totaling $59,000 were written orf as of December 31, 2025. The 74\% uncollectible estimate applies to the remaining $99,000 in the category. Effective with the year ended December 31,2025, Bridgeport adopted a different method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable. Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2025. Show supporting computations in good form, (1)int: In computing the 12/31/25 allowance, subtract the $59,000 write- off.) 1. Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2025. 2. Prepare the journal entry for the year-end adjustment to Alowance for Doubtfut Accounts balance as of December 31, 2025. From inception of operations to December 31, 2025, Bridgeport Corporation provided for uncollectible accounts recevable under the allowance method, The provisions are recorded, bused on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written ofr were credited to the allowance account, and no year-end adjustrents to the allowance account were mode. Bridgeport's usual credit terms are net 30 deys. The balance in Aliowance for Doubthul Accounts was $131,300(Cr) at lanusry 1, 2025. During 2025, credit sales totaled $9,101,900, the provision for doubtful accounts was determined to be $182,036,$91,019 of bad debts were written off, and recoveries of accounts previously written off amounted to $19,950. Bridgepert installed a computer system in November 2025, and an aging of accounts receivable was prepared for the first time as of December 31, 2025. A summary of the aging is as follows. Based on the review of collectability of the account balances in the "prior to 1/1/25 " aging category, additional receivables totaling $59,000 were written orf as of December 31, 2025. The 74\% uncollectible estimate applies to the remaining $99,000 in the category. Effective with the year ended December 31,2025, Bridgeport adopted a different method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable. Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2025. Show supporting computations in good form, (1)int: In computing the 12/31/25 allowance, subtract the $59,000 write- off.) 1. Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2025. 2. Prepare the journal entry for the year-end adjustment to Alowance for Doubtfut Accounts balance as of December 31, 2025
