Please help me answering this question Thank you volue 200 p

volue 2.00 points M8-5 Recording Write-Offs and Bad Debt Expense Using the Allowance Method [LO 8-2] Prepare journal entries for each transaction listed (If no entry is required for a transaction/event, select \"No Journal Entry Required\" in the first account field.) At the end of June, bad debt expense is estimated to be $14,600 In July, customer balances are written off in the amount of $7,300 a b View transaction list Journal entry worksheet 2 Record the estimated bad debt expense of $14,600. Note: Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal

Solution

Transaction General Journal Debit Credit a Bad debts expense $14,600 Allowance for doubtful accounts $14,600 b Allowance for doubtful accounts $7,300 Accounts receivable $7,300