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Outdoor Equipment (OE) sells camping equipment. On December 1,the accounts receivable account had a balance of $51,000, the baddebt expense account had a balance of $0, and the allowance fordoubtful account had a credit balance of $5,100. Journalize theremaining journal entries for the 2017 year.

Dec. 2 Sold tents for $5,200 on account with a cost of$2,600.
      20 Determined that the totalaccounts of Rocky Co. with an accounts receivable balance of $1,300and Grouse Co. with an accounts receivable balance of $2,600 wereuncollectible and needed to be written off.
      23 Unexpectedly receivedpayment from Grouse Co. for $2,600.
      31 Estimated that 10% ofaccounts receivable recorded to date would be uncollectible.

Required:
1. Prepare journal entries to record thetransactions. Note: Write-off of uncollectible accounts for RockyCo. and Grouse Co. should be posted separately.

Journal entry worksheet

Record the estimate for uncollectible accounts.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2017 Bad debtexpense 520 Allowance fordoubtful accounts 520

2. Post the T-account for accounts receivable, baddebt expense, and allowance for doubtful accounts. Determine theending balance for each account.

	AccountsReceivable Allowancefor Doubtful Accounts Beg.Bal. 51,000 Beg.Bal. 5,100 End.Bal. 51,000 End.Bal. 5,100 Bad debt expense Beg. Bal. End. Bal. 0