The Southbreeze Hotel uses the aging of accounts receivable method of estimating bad debts. As of December

$31,203,$ the summarized aging schedule and expected loss percentages are as follows:

Required:

Assuming a zero balance in the allowance account, make the necessary journal entry on December $31,203.$

Assuming a $$150$ debit balance in the allowance account, make the necessary journal entry on December $31,$

$203.$