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Thatcher Company uses the allowance method to record bad debts. Record the following transactions. 1. Dec. 31 - Bad debts expense was estimated to be

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Thatcher Company uses the allowance method to record bad debts. Record the following transactions. 1. Dec. 31 - Bad debts expense was estimated to be $5,600. 2. Mar. 17 - Customer A. Bean's account receivable of $1,100 was deemed uncollectible and written off. 3. June 2 - A Bean paid the full amount, $1,100, of a the previously written-off account receivable

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