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The following information related to Raymond Co. Accounts receivable balance - December 31, 2010 $610,000 debit Allowance for doubtful accounts balance - December 31, 2010

The following information related to Raymond Co.

Accounts receivable balance - December 31, 2010 $610,000 debit

Allowance for doubtful accounts balance - December 31, 2010 4,000 credit

Credit sales for the year ended December 31, 2010 7,000,000

Accounts receivable written off during 2010 16,500

Assume Raymond Co uses the direct method to record bad debt expense. What are the journal entries regarding write-off of bad debts for the year.

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