For each transaction listed in E8-1, indicate the amount and direction (+ or ) of effects on

Question:

For each transaction listed in E8-1, indicate the amount and direction (+ or ˆ’) of effects on the financial statement accounts and on the overall accounting equation.
Information from E8-1,
At the end of 2014, Blackberry Hill Productions, Inc., used the aging of method to estimate that its Allowance for Doubtful Accounts should be $19,750. The account had an unadjusted credit balance of $10,000 at December 31, 2014.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...