Rowe Company had credit sales of $200,000 during 2022. The balance in the Allowance for Doubtful Accounts is a $1,000 debit balance. Journalize the bad debts expense for December 31, using each of the following methods:
a. Bad debts expense is estimated at 0.5% of credit sales.
b. The aging of accounts receivable indicates that $2,200 will be required in Allowance for Doubtful Accounts account to cover bad debts expense.