You have just received notice that a customer of yours with an account receivable balance of $100 has gone bankrupt and will not make any future payments. assuming you use the allowance method, the entry you make is toa. debit bad debt expense and credit allowance for doubtful accounts. b. debit bad debt expense and credit accounts receivable. c. debit allowance for doubtful accounts and credit accounts receivable. d. debit allowance for doubtful accounts and credit bad debt expense

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)