Ask Question
24 February, 08:34

A company ages its accounts receivables to determine its end of period adjustment for bad debts. at the end of the current year, management estimated that $39,375 of the accounts receivable balance would be uncollectible. prior to any year-end adjustments, the allowance for doubtful accounts had a credit balance of $3,285. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

+1
Answers (1)
  1. 24 February, 09:28
    0
    Allowance for doubtful accounts

    39,375-3,285=36,090

    The journal entry

    Debit: Bad Debt Expense

    36,090

    Credit: Allowance for Doubtful Accounts

    36,090
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company ages its accounts receivables to determine its end of period adjustment for bad debts. at the end of the current year, management ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers