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3 years ago

An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,937.

Business

1 answer:

Kobotan [32]3 years ago

5 0

Answer:

c. debit to Bad Debt Expense for $3,687.

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr $3,687

To Allowance for doubtful debts $3,687

(Being bad debt expense is recorded)

The computation is shown below:

= Estimation of the uncollectible receivable - credit balance in allowance for doubtful debts

= $4,937 - $1,250

= $3,687

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3 years ago

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Answer:

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Decrease in inventory $27,200
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