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$8$ Homework $($i$)$

Required:

Using the following categorles, Indicate the effects of the following transactions. Indicate the accounts affected and the amounts. If a transaction affects a temporary account, Include the account name under "Temporary Accounts" and the financlal effect under $"$NI$."$ Do not enter an amount under "Stockholders' Equity" for these transactions; thelr Impact on stockholders' equity will occur later when the temporary accounts are closed at year$-$end. Do not enter No Effect $($NE$)$ or zero for any cells without an effect for each transaction despite what may be shown in textbook demonstration cases as these cells should be left blank.

Note: Enter any decreases to Assets, Llabilites, Stockholders' Equity, and Net Income with a minus slgn$.$

a$.$ During the period, customer balances are written off in the amount of $$10,000.$

b$.$ At the end of the period, bad debt expense is estimated to be $$8,000.$

$\backslash$table$[[,$Assets,$=,$Liabilities, $,$Stockholders' Equity, $-,$Temporary Accounts,NI$],[$a$.,,=,,,,,,],[$a$.,,=,,,,,,],[$b$.,,=,,,,/2,,]]$

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