Outdoor Equipment (OE) sells camping equipment. On December 1, the accounts receivable account had a balance of $50,000, the bad debt expense account had a balance of $0, and the allowance for doubtful accounts had a credit balance of $5,000. Journalize the remaining journal entries for the 2023 year.
Dec. 2 Sold tents for $5,000 on account with a cost of $2,500.
20 Determined that the total accounts of Rocky Co. with an accounts receivable balance of $1,200 and Grouse Co. with an accounts receivable balance of $2,500 were uncollectible and needed to be written off.
23 Unexpectedly received payment from Grouse Co. for $2,500.
31 Estimated that 10% of accounts receivable recorded to date would be uncollectible.

Required
1. Prepare journal entries to record the transactions. Note: write-off of uncollectible accounts for Rocky Co. and Grouse Co. should be posted separately.
2. Draw and fill in the T-account for accounts receivable, bad debt expense, and allowance for doubtful accounts. Determine the ending balance for each account.