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25 3$ Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10,200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on
25 3$ Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10,200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of- sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. March 31st Accounts Receivable Bad Debt Expense Allowance for Bad Debts Sales Revenue D 25 35 Vance Refrigeration Company has $168,000 in Accounts Receivable, and a $10.200 credit balance in the Allowance for Doubtful Accounts before adjustment. Based on the percentage-of- sales method, the company estimates bad debts of $36,000 on March 31, 2019. Record the appropriate adjusting entry on March 31, 2019 using good form. Select the appropriate account and amount to debit, as well as the appropriate account and amount to credit. March 31st ! ] W $10,200 $46,200 $36.000 $25,800
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