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disa [49]
3 years ago
11

An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $6,400. If Allowance fo

r Doubtful Accounts has a $1,300 debit balance, the adjustment to record the bad debt expense for the period will require a
Business
1 answer:
horsena [70]3 years ago
8 0

Answer:

Debit to Bad Debt Expense for $7,700

Explanation:

Based on the information given we were told that company's accounts receivable shows the estimate of uncollectible accounts totals of the amount of $6,400 while the Allowance for Doubtful Accounts has the amount of $1,300 as the debit balance. This means that the adjustment to record the bad debt expense for the period will require a

Debit to Bad Debt Expense for $7,700 Calculate as:

Dr Bad Debts 7700

(6300+1300)

Cr To Allowance for Doubtful Accounts 7700

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