Question
1)An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $2,400 credit balance,
1)An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $2,400 credit balance, the adjustment to record bad debts for the period will require a
debit to Bad Debt Expense for $9,000.
debit to Bad Debt Expense for $6,600.
debit to Allowance for Doubtful Accounts for $6,600.
credit to Allowance for Doubtful Accounts for $9,000.
2)An aging of a company's accounts receivable indicates that $8200 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3400 debit balance, the adjustment to record bad debts for the period will require a
debit to Bad Debt Expense for $4800.
debit to Bad Debt Expense for $8200.
credit to Allowance for Doubtful Accounts for $8200.
debit to Bad Debt Expense for $11600.
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