George's Market uses the direct write off method for handling receivables. Doris Deadbeat has a past due account of $$1,250$ that George determines will not be collected. Prepare the journal entry to write off this bad debt on March $18($Hint: use the Account List $-$ click to pop open to help you with your joumal entries$).$

$\backslash$table$[[$Date$,$Description,Debit,Credit$],[$Mar $18,,,]]$

Question $2$

Detaits

Racing Stripes uses the Allowance method for handing receivables. They have decided that $1\mathrm{.}5\%$ of all credit sales are uncollectable. Credit sales for the year were $$1,400,000$ and the allowance for doubtful accounts has a $$2,500$ credit balance.

a$)$ Calculate bad debt expense $($show all work in space below$).$

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b$)$ Prepare the Dec $31$ Journal entry to record bad debt expense $($Hint; wse the Account List $-$ click to pop open to help you with your journal entries$)$: