On January 1, 2020, the Balance in Great Lakes Co

Essay

On January 1, 2020, the balance in Great Lakes Co.'s Allowance for Bad Debts account was $15,600.During the year, a total of $10,500 of delinquent accounts receivable were written off as bad debts.The balance in the Allowance for Bad Debts account at December 31, 2020, was $21,900.
(a.)What was the total amount of bad debts expense recognized during the year?
(b.)As a result of a comprehensive analysis, it is determined that the December 31, 2020, balance of Allowance for Bad Debts should be $18,900.Show, in general journal format the adjustment required.