SHOW SUPPORTING CALCULATIONS ON PROBLEMS TO EARN MAXIMUM POINTS!

Question #$2$ Accounts Receivable and Bad Debt problems $(4$ parts, $8$ total points$)$

Vision Company uses the allowance method to account for bad debts. On December $31,2022,$ Vision

had the following account balances related to credit sales and receivables prior to recording adjusting

entries:

Vision uses the allowance method to account for bad debts. For parts A through $C$ below, prepare the

necessary year$-$end bad debt adjusting entries for each of the following independent assumptions:

A$.$ An aging of accounts receivable is completed. It is estimated that $$2,150$ of the receivables

outstanding at year$-$end will be uncollectible. $(2$ points$)$

B$.$ An aging of accounts receivable is completed. It is estimated that $$2,150$ of the receivables

outstanding at year$-$end will be uncollectible. Assume that prior to adjustment, the allowance for

doubtful accounts had a debit balance of $$200$ rather than a credit balance of $$200($as stated in the

chart above$).(2$ points$)$