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11) At December 31, 2021. Oriole Company had a credit balance of $17.400 in Allowance for Doubtful Accounts During 2022 Oriole wrote of accounts totaling
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At December 31, 2021. Oriole Company had a credit balance of $17.400 in Allowance for Doubtful Accounts During 2022 Oriole wrote of accounts totaling $12,000. One of those accounts ($1.800) was later collected At December 31, 2022 an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $30,000 Prepare journal entries to record the 2022 transactions of Oriole Company. (Credit account titles are automatically indented wher amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts Accounts Receivable (To record amount written off) Accounts Receivable Allowance for Doubtful Accounts (To reverse write-off) Cash Accounts Receivable (To record collection of writeoff) Allowance for Doubtful Accounts (To record estimated bad debts for the year) Step by Step Solution
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