Question

Question 10

Answer 1

Answer:

Allowance for doubtful account Dr 4850 , To Account receivable Cr 4850

Step-by-step explanation:

Journal Entry                                    Debit    Credit

Allowance for doubtful account    $4850  

To Account receivable                                   $4850

A debit to the allowance for doubtful accounts is to reduce the allowance balance that was previously established and a credit to the accounts receivable is to remove the amount that will not be collected.