M$8-6($Algo$)$ Determining Financial Statement Effects of Write$-$Offs and Bad Debt Expense Using the Allowance Method $[$LO $8-2]$

Required:

Using the following categories, indicate the effects of the following transactions. Indicate the accounts affected and the amounts.

$($Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.$)$

a$.$ During the period, customer balances are written off in the amount of $$10,700.$

b$.$ At the end of the period, bad debt expense is estimated to be $$8,700.$

$\backslash$table$[[,$Assets,$=,$Liabilities,$+,$Stockholders' Equity$],[$a$),$Accounts Receivable,,,,$],[$a$),,,,,],[$b$,,,,,]]$