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At December 31, 2021. Nash Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2022, Nash wrote off accounts totaling $11,000.
At December 31, 2021. Nash Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2022, Nash wrote off accounts totaling $11,000. One of those accounts of $1,500 was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $22,000. Prepare journal entries to record the 2022 transactions of Nash Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record amount written off)
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