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Prepare general journal entries to record the following transactions for Smith Company. (The company uses...

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Accounting

Prepare general journal entries to record the following transactions for Smith Company. (The company uses the balance sheet approach for recording bad debts expense.)

2021

Dec. 31 Recorded Bad Debts Expense, $900

2022

Jan. 3 Wrote off Jal's account as uncollectible, $260

Mar. 4 Wrote off Hall's account as uncollectible, $95

Jul. 5 Recovered $55 from Hall

Aug. 19 Wrote off M. Wilson's account as uncollectible, $50

Nov. 7 Recovered $45 from Jal

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