The appropriate bad debt adjustment was recorded

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Reference no: EM131291916

Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $20,000. The account had an unadjusted credit balance of $12,000 at that time.

Required:

Prepare journal entries for each of the following. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

a. The appropriate bad debt adjustment was recorded.

b. Later, an account receivable for $1,200 was determined to be uncollectible and was written off.

Reference no: EM131291916

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