Question: At December 3 1 , 2 0 2 4 , Blossom Imports reported this information on its balance sheet. Accounts receivable $ 5 9 2

At December 31,2024, Blossom Imports reported this information on its balance sheet.
Accounts receivable
$592,000
Less: Allowance for doubtful accounts
41,000
During 2025, the company had the following transactions related to receivables.
Sales on account
$2,780,000
Sales returns and allowances
50,000
Collections of accounts receivable
2,480,000
Write-offs of accounts receivable deemed uncollectible
44,000
Recovery of bad debts previously written off as uncollectible ,17,000
(c)
Your answer is partially correct.
Prepare the journal entry to record bad debt expense for 2025, assuming that aging the accounts receivable indicates that
estimated bad debts are $49,000.(List debit entry before credit entry. Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Bad Debt Expense
Allowance for Doubtful Accounts
eTextbook and Media
List of Accounts
 At December 31,2024, Blossom Imports reported this information on its balance

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