Answer:
Journal entries
Explanation:
The journal entries are as follows
a. Account receivable $733,600
To sales revenue $733,600
(Being the sales is recorded)
Cash Dr $767,780
To Account receivable $767,780
(Being the collection is recorded)
b. Allowance for doubtful debts $7,149
To Account receivable $7,149
(Being the written off amount is recorded)
c. Account receivable $2,957
To Allowance for doubtful debts $2,957
(Being the previously written off as uncollectible is recorded)
Cash Dr $2,957
To Account receivable $2,957
(Being the recovery is recorded)
d. Bad debt expense $19,742
To Allowance for doubtful debts $19,742
(Being the bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= Opening balance of Allowance for Doubtful Accounts - written off amount + recovery amount - uncollectible amount
= $9,890 - $7,149 + $2,957 - $25,440
= $19,742
