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Rachel's Clothing Company has a receivables balance of $15.000 at the end of the year 2014. Based on past history. Rachel estimates that it will

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Rachel's Clothing Company has a receivables balance of $15.000 at the end of the year 2014. Based on past history. Rachel estimates that it will not collect 2% of its receivables balance. Prior to any year-end adjustment, the balance in the allowance account is a $200 debit. Prepare and show the journal entry to record bad debt expense for the year. Prepare the complete Accounts Receivable section of the Balance Sheet

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