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accounts receivable has a debit balance of $150,000 allowance for doubtful accounts has a credit balance of $5000 Sales on account as a credit balance
accounts receivable has a debit balance of $150,000
allowance for doubtful accounts has a credit balance of $5000
Sales on account as a credit balance of $400,000
sales returns/allowance has a debit balance of $50,000
The company estimates 5% of account receivable will be uncollectible
with a balance sheet allowance method calculate the ending balance of the allowance for doubtful accounts in the amount recorded for bad debt expense
what is an NRV of A/R after bad debt expense adjustment
THANK YOU!!!!!
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