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At December 31, 2024, the trial balance of Metlock Company contained the following amounts before adjustment: (a) Prepare the adjusting entry at December 31, 2024,
At December 31, 2024, the trial balance of Metlock Company contained the following amounts before adjustment: (a) Prepare the adjusting entry at December 31, 2024, to record bad debt expense, assuming that the aging schedule indicates that $10,850 of accounts receivable will be uncollectible. (b) Repeat part (a) assuming that, instead of a credit balance, there is a $1,050 debit balance in Allowance for Doubtful Accounts. (d) During the next month, January 2025 , a $3,050 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. List all debit entries before credit entries) Credit occount titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" or the account titles and enter ofor the amounts. (ist all debit entries before credit entries) (c) The parts of this question must be com'yeted in order. This part will be available when you complete the part above: (e1) The parts of this question must be completed in order. This part will be available when you complete the part above
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