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At the end of its annual accounting period, Midi Company estimated its bad debts as...

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Accounting

At the end of its annual accounting period, Midi Company estimated its bad debts as 0.74% of its $1,760,000 of credit sales made during the year. On December 31, Midi made an addition to its Allowance for Doubtful Accounts equal to that amount. On the following February 1, management decided that the $2,600 account of Catherine Hicks was uncollectible and wrote it off as a bad debt. Four months later, on June 5, Hicks unexpectedly paid the amount previously written off.
Give the journal entries reqired to record these transactions.
Journal entry worksheet
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Record the entry for estimated bad debts.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[Dec 31,,,],[,,,],[,,,],[,,,]]
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