Indicate the accounts affected and enter decreases to account categories with a minus sign. a. At the end of the period, bad debt expense is estimated to be $15,000. b. During the period, bad debts are written off in the amount of $9,500.

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Business

Arjun Eaton

8 May, 19:31

Indicate the accounts affected and enter decreases to account categories with a minus sign. a. At the end of the period, bad debt expense is estimated to be $15,000. b. During the period, bad debts are written off in the amount of $9,500.

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Dezi · Answer 1

a. At the end of the period, bad debt expense is estimated to be $15,000.

b. During the period, bad debts are written off in the amount of $9,500.

Assets = Liabilities + Stockholder's Equity

a.

Retained Earning - $15,000

Account Receivable - $15,000

b.

Allowance for Doubtful Account - $9,500

Account Receivable - $9,500

(Allowance for Doubtful Account is a contra account to account receivable decrease in this account will ultimately increase the assets value.