What is the journal entry to record payment of bad debt?

For part 2, do "written off" and "previously written off accounts collection" fall under debit or credit?

What are the stages and processes for resolving bad loans? note: include a reference

Why can't Accounts Receivable ever have a credit balance? Why can't Accounts Payable ever have a debit balance.

What is the main purpose of loan loss provisioning? Explain the concepts of incurred loss model and dynamic loan loss provisioning. What are the problems with the incurred loss model and how does the dynamic loan loss provisioning tries to address those problems?

Desceibe income statement approach for estimating bad debts.

What do the terms 'debit' and 'credit' mean from an accounting perspective?  What are the two primary rules of debits and credits?  How do these impact the various types of accounts (assets, liabilities, expenses, revenues, distributions to owners, and equity)?  How do they help ensure that an illogical journal entry cannot be made?  Provide at least one example of an illogical entry. Why would this be illogical?

Explain how the accounting for bad debts can be used for earnings management.

What kinds  of fees and penalties can be levied on savings accounts?

How is the Accounts Receivable Aging Report helpful in the calculation and analysis of Bad Debt Expense?