Question: Cornerstone Exercise 5-26 (Algorithmic) write-Off of Uncate Accounts The Rock hat credits 505.000 dunng 2019 and estimates at the end of 2019 that of these

Cornerstone Exercise 5-26 (Algorithmic) write-Off of Uncate Accounts The Rock hat credits 505.000 dunng 2019 and estimates at the end of 2019 that of these credit sales wat wentually default. Also, during 2017 a customer witson $1.500 balance related to goods purchased in 2019 Required: 1. Prepare the journal entry to record the defaulted balance Record writ-off of deated account 2. Prepare the adjusting entry to record the bad debt expense for 2019 Record adjusting entry for bad debt expertise estimate

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