The accounts receivable listing of FoxDen Inc. shows the following on December 31, 2020. ...
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Accounting
| The accounts receivable listing of FoxDen Inc. shows the following on December 31, 2020. | ||||
| The general ledger showed a $250 credit balance in Allowance for Doubtful Accounts before adjustment | ||||
| Name of customer | Invoice date | Amount | ||
| Cycles Inc. | March 5, 2020 | $950 | ||
| First Corporation | August 12, 2020 | 500 | ||
| First Corporation | December 10, 2020 | 550 | ||
| Garron Inc. | December 15, 2020 | 200 | ||
| Heartwell Inc. | August 15, 2020 | 480 | ||
| Heartwell Inc. | July 5, 2020 | 915 | ||
| Leash Inc. | May 5, 2020 | 575 | ||
| Sign Corporation | December 15, 2020 | 825 | ||
| Spares Inc. | November 18, 2020 | 325 | ||
| Summer Corporation | October 10, 2020 | 650 | ||
| Required: | ||||
| Prepare journal entry to record the bad debt expense for the year. | ||||
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