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1) Record the adjusting journal entry for each of the following: a. Allowance for Doubtful Accounts has a credit balance of $835 prior to adjustment.
1) Record the adjusting journal entry for each of the following: a. Allowance for Doubtful Accounts has a credit balance of $835 prior to adjustment. Aging and Analysis of accounts receivables show doubtful accounts of $12,750. b. Allowance for Doubtful Accounts has a debit balance of $645 prior to adjustment. Aging and Analysis of accounts receivables show doubtful accounts of $12,750. c. Allowance for Doubtful Accounts has a credit balance of $2,175 prior to adjustment. Uncollectible accounts are estimated to be 1.75% of sales, which totaled $2,000,000 for the year. d. Allowance for Doubtful Accounts has a debit balance of $1,340 prior to adjustment. Uncollectible accounts are estimated to be 1.75% of sales, which totaled $2,000,000 for the year. A B C D E 1 a 2 3 4 b 5 6 7 C 8 9 10 d 11 2 12 13 14 FL G
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