On July 18, 2017, Bridgeport Company enters into a contract to deliver a product to Burg Corporation on September 1, 2017. Burg agrees to pay the full contract price of $ 4,500 on September 15, 2017. The cost of the goods is $ 3,010. Bridgeport delivers the product to Burg on September 1, 2017, and receives payment on September 15, 2017. Prepare the journal entries for Bridgeport related to this contract. Either party may terminate the contract without compensation until one of the parties performs.

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.