Use the financial statement effects template to record Collins$$s bad debts expense for the year.

Note: Use negative signs with answers when appropriate.

Note: If an answer field is not needed, leave it blank $($not all answer fields will be used$).$

BALANCE SHEET INCOME STATEMENT

Cash Noncash Contributed Earned Net

Transaction Asset Assets Liabilities Capital Capital Revenues Expenses Income

Record bad debt expense Answer $2$

$11,600$

Answer $3$

$(11,600)$

Answer $4$

$0$

Answer $5$

$0$

Answer $6$

$(11,600)$

Answer $7$

$0$

Answer $8$

$(11,600)$

Answer $9$

$(11,600)$

Answer $10$

Allow Uncol Acct

Answer $11$

N$/$A

Answer $12$

N$/$A

Answer $13$

N$/$A

Answer $14$

Bad Debt Exp

Answer $15$

N$/$A

Answer $16$

Bad Debt Exp