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ohaa [14]
3 years ago
6

A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)

Business
1 answer:
Lostsunrise [7]3 years ago
4 0

Answer:

Particulars                                   Amount

Provision for uncollectible         $6,080 ($76000*8%)

Less: Provision already made   <u>$1,000</u>

Provision to be made                <u>$5,080</u>

Date       Particulars                                                      Debit     Credit

31-Dec    Bad Debts                                                    $5,080

                    To Allowance for Doubtful Accounts                    $5,080

               (Being the adjusting entry to estimate bad debts)

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Answer:

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