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Vlad1618 [11]
3 years ago
14

Allowance for Doubtful Accounts has a debit balance of $845 at the end of the year (before adjustment), and an analysis of accou

nts in the customers ledger indicates uncollectible receivables of $15,368. Which entries records the proper adjusting entry for bad debt expense?
Business
1 answer:
egoroff_w [7]3 years ago
5 0

Explanation:

Given that

Debit balance = $845

Uncollectible receivables = $15,368

The Journal entry is given below:-

1.    Bad debt expenses                                        $16,213

            To, Allowance for Doubtful Accounts                    $16,213

(Being bad dept expenses is recorded)

Note

Computation is shown below:-

Debit balance + Uncollectible receivables

= $845 + $15,368

= $16,213

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Giving the following information:

Your child is going to college in 4 years.

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