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Outdoor Equipment (OE) sells camping equipment On December 1 , the accounts recewable account had...

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Accounting

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Outdoor Equipment (OE) sells camping equipment On December 1 , the accounts recewable account had a balance of $50,500, the bad debt expense account had a balance of $0, and the allowance for doubtful accounts had a credit balance; of $5,050, Journalize the remaining journal entries for the 2023 year. Dec. 2 sold tents for $5,100 on account with a cost of $2,559. Determined that the total accounts of Rocky Co. with an accounts receivable balance of $1,75a and 20 Grouse Co. With an accounts receivable balance of $2.558 were uncollectlble and needed to be written off. 23 Unexpectedly recelved payment fron Grouse co, for $2.558. 31 Estimated that 10% of accounts receivable recorded to date would be uncollectible. Required: 1. Prepare journal entries to record the transactions. Note: Write-off of uncollectible accounts for Rocky Co. and Grouse Co. should be posted separately

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