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At December 31, 2022, the trial balance of Malone Company contained the following amounts before adjustment. Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (a)
At December 31, 2022, the trial balance of Malone Company contained the following amounts before adjustment. Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (a) (b) (c) (d) Debit $180,000 Credit $1,500 875,000 Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $10,200 of accounts receivable will be uncollectible. Repeat part (a), assuming that instead of a credit balance there is a $1,500 debit balance in Allowance for Doubtful Accounts. During the next month, January 2023, a $2,100 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. Repeat part (c), assuming that Malone Company uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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