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vazorg [7]
3 years ago
5

Prepare journal entries for each of the following transactions. a. On October 28 of the current year, an account receivable for

$2,800 from a prior year was determined to be uncollectible and was written off. b. At year-end, the appropriate bad debt expense adjustment was recorded for the current year.
Business
1 answer:
Fiesta28 [93]3 years ago
4 0

Answer:

Explanation:

a.

Debit:

Allowance for doubtful accounts- 2800

Credit:

Accounts Receivable- 2800

b.

Debit:

Bad Debt Expense- 23,800

Credit:

Allowance for Doubtful Accounts- 23,800

The creation of journal does not is not difficult, as it direct and easy to do without much explanation. I hope this information is helpful

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