Exercise $8-8$ Receivables, allowance for doubtful accounts, write$-$off, and subsequent recovery L$01,2,3$ Outdoor Equipment $)$ 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 $2020$ year.

Dec. $2$ Sold tents for $$5,000$ on account with a cost of $$2,500.$

$20$ Determined that the total accounts of Rocky $C_0.$ 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

Prepare journal entries to record the transactions. Note: write$-$off of uncollectible accounts for Rocky Co$.$ and Grouse Co$.$ should be posted separately.

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.