E$8-1($Algo$)$ Recording Bad Debt Expense Estimates and Write$-$Offs Using the Aging of Receivables Method $[$LO $8-2]$

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Blackhorse Productions, Incorporated, used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $$19,300.$ The account had an unadjusted credit balance of $$11,000$ at that time.

Required:

Prepare journal entries for each of the following. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

a$.$ The appropriate bad debt adjustment was recorded.

b$.$ Later, an account receivable for $$1,100$ was determined to be uncollectible and was written off.

Journal entry worksheet

$1$

$2$

Record the end$-$of$-$period adjustment for bad debts under the aging of accounts receivable method.

Note: Enter debits before credits.

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