Answer & Explanation:Jacks Upholstery has determined that Star?Builders accounts receivable balance of $6,000 is uncollectible. Use the accounting equation to show how Jack?s would write off the account using? (a) the direct? write-off method and? (b) the allowance method for bad debts.?(a) First record in the accounting equation how Jack?s Upholstery would write off the account using the direct? write-off method.?(Use parentheses or a minus sign when decreasing components or entering increases to contra accounts. Leave unused cells? blank.) Shareholders EquityAssets=Liabilities+Contributed Capital+Retained Earnings$Account$Account$Account$Account ?(b) Now record in the accounting equation how Jacks Upholstery would write off the account using the allowance method for bad debts.?(Use parentheses or a minus sign when decreasing components or entering increases to contra accounts. Leave unused cells? blank.) Shareholders EquityAssets=Liabilities+Contributed Capital+Retained Earnings$Account$Account$Account$Account.
