Question
At December 31, 2024, the trial balance of Skysong Company contained the following amounts before adjustment: Debit Credit Accounts Receivable $377,000 Allowance for Doubtful Accounts
At December 31, 2024, the trial balance of Skysong Company contained the following amounts before adjustment:
Debit | Credit | |||
---|---|---|---|---|
Accounts Receivable | $377,000 | |||
Allowance for Doubtful Accounts | $ 950 | |||
Sales Revenue | 944,000 |
(a), (b) and (d)
(a) | Prepare the adjusting entry at December 31, 2024, to record bad debt expense, assuming that the aging schedule indicates that $11,650 of accounts receivable will be uncollectible. | |
(b) | Repeat part (a) assuming that, instead of a credit balance, there is a $950 debit balance in Allowance for Doubtful Accounts. | |
(d) | During the next month, January 2025, a $2,700 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 account titles and enter 0 for the amounts. List all debit entries before credit entries.)
No. | Account Titles | Debit | Credit |
---|---|---|---|
(a) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(b) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(d) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
(c)
Calculate the carrying amount of accounts receivable for Skysong based on the answer in part (b).
just need part c the carrying amount
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