E8-1 (Algo) Recording Bad Debt Expense Estimates and Write-Offs Using the Aging of Receivables Method [LO 8-2] Blackhorse Productons, incorporated, used the aging of accounts recewable method to estimere that its Allowanco for Doubefil Accounts thould be 520,00 The account had on unedjusted credit balance of $1,000 at that tme. Aequired: Prepare journal entises for each of the following: (if no entry is required for e trensectien/event, telect "No Journal Entry Required in the first eccount field. a. The appsopriate bad debk adjusuert was recorded b. Latec, an eccount receivable for $100 was deterinined to be uncolectble and wai wrinen ot. Journal entry worksheet