value: 0.42 points M8-5 Recording Write-Offs and Bad Debt Expense Using the Allowance Method [LO 8-2] Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select No Journal Entry Required" in the first account field.) a. At the end of June, bad debt expense is estimated to be $12,000 b. In July, customer balances are written off in the amount of $6,000 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit