Explain the journal entry from the perspective of RTVVF Corp…

Explain the journal entry from the perspective of RTVVF Corporation, in the space below, for the following transaction: On December 31, RTVVF makes an entry to record bad debt expense. RTVVF reports a gross Accounts Receivable of $70,000 and an Allowance balance of $400 (CREDIT).  The company estimates 3% of all receivables to be uncollectible. You do NOT need to worry form.  Just tell me the date and what accounts are debited and credited and the amounts.  For example, your response might be on January 1, debit Supplies 100 and credit Accounts Payable 100.

Non Ti Scordare di Me Company purchased equipment on January…

Non Ti Scordare di Me Company purchased equipment on January 1, Year 1 with a cost of $250,000, a useful life of 7 years, and a $40,000 salvage value.  Calculate the book value of the equipment after Year 2 if the double-declining-balance method was used.  SHOW YOUR WORK FOR POTENTIAL OF EARNING PARTIAL CREDIT IN THE CASE OF AN INCORRECT ANSWER.