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At the end of 2017 Blackberry Hills Production Inc. used in aging of accounts receivable...

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Finance

At the end of 2017 Blackberry Hills Production Inc. used in aging of accounts receivable method to estimate the Allowance for Doubtful Accounts should be $26,085. The account has an adjusted credit balance of $14,900 at December 31,2017.

Prepare a journal entry for the transaction.

1. The appropriate bad debt adjustment was recorded for the 2017.

2. On January 31, 2018an accounts receivable for $1,524 from March 2017 was determined to be uncollected and was written off.

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