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At the end of the Accounts Receivable has a balance of $1,125,000 Allowance for Doubtful Accounts has a credit balance of 4,158 and sales for
At the end of the Accounts Receivable has a balance of $1,125,000 Allowance for Doubtful Accounts has a credit balance of 4,158 and sales for the year total 7,745, 600. Bad debt expense is estimated at 1.5% of net sales .Determine the (a)adjusting entry for bad debt expense (b) the adjusted balance of Allowance for Doubtful Accounts ; and (c) the net realizable value of accounts receivable . At the end of the Accounts Receivable has a balance of $1,125,000 Allowance for Doubtful Accounts has a credit balance of 4,158 and sales for the year total 7,745, 600. Bad debt expense is estimated at 1.5% of net sales .
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