Question $2$

The following information is from the $2015$ records of Armand Camera Shop:

$\backslash$table$[[$Accounts Receivable, December $31,2015,$$$40,000($debit$)],[\backslash$table$[[$Allowance for Bad Debts, December $31,2015],[$prior to adjustment$]],1,500($credit$)],[$Net credit sales for $2015,175,000],[$Accounts written off as uncollectible during $2015,15,000],[$Cash sales during $2015,27,000]]$

Bad debts expense is estimated by the aging$-$of$-$receivables method. Management estimates that $$5,000$ of accounts receivable will be uncollectible.

Requirements

$1-$ Journalize the adjusting entry for bad debt expense on $2015$

$2-$ Calculate the Net A$/$R$.$