Determining Financial Statement Effects of Bad DebtsUsing the following categories, indica...

Determining Financial Statement Effects of Bad Debts

Using the following categories, indicate the effects of the following transactions

Use – for increase and for decrease and indicate the accounts affected and the

amounts.

a. At the end of the period. bad debt expense is estimated to be $ 17.000.

b. During the period, bad debts are written off in the amount of $8,000