Touter Limits, Inc., is estimating its bad debts for the period. They

compile the following information regarding their receivables.

Touter Limits currently has a $$4,000$ credit balance in its allowance for uncollectible accounts.

$1$ What is Touter Limits's bad debt expense for the period?

$2$ What is Touter Limits's balance in A$4$UA at the end of the period?

$3$ Touter Limits later decides to write off an account worth $$2,500.$ Journalize this.

$4$ A week later, Touter Limits receives a $$2,500$ check from the customer referenced in #$3.$ Journalize this.

Place answers for $1$ and $2$ in the yellow boxes, and $3$ and $4$ in the journal to the right.