Ask Question
22 May, 05:04

Allowance for Doubtful Accounts has a debit balance of $845 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of $15,368. Which entries records the proper adjusting entry for bad debt expense?

+5
Answers (1)
  1. 22 May, 07:03
    0
    Given that

    Debit balance = $845

    Uncollectible receivables = $15,368

    The Journal entry is given below:-

    1. Bad debt expenses $16,213

    To, Allowance for Doubtful Accounts $16,213

    (Being bad dept expenses is recorded)

    Note

    Computation is shown below:-

    Debit balance + Uncollectible receivables

    = $845 + $15,368

    = $16,213
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Allowance for Doubtful Accounts has a debit balance of $845 at the end of the year (before adjustment), and an analysis of accounts in the ...” 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