Question: Please explain your answers. Using the following categories, indicate the effects of the following transactions. Indicate the accounts affected and the amounts. (Enter any decreases

 Please explain your answers. Using the following categories, indicate the effects

Please explain your answers.

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 $10,000. b. At the end of the period, bad debt expense is estimated to be $8,000. Assets Liabilities Stockholders' Equity a. Allowance for Doubtful Accounts Accounts Receivable b. Allowance for Doubtful Accounts Bad Debt Expense

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