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Bonita Co . uses the percentage - of - receivables basis to record bad debt expense and concludes that 4 % of accounts receivable will
Bonita Co uses the percentageofreceivables basis to record bad debt expense and concludes that of accounts receivable will become uncollectible. Accounts receivable are $ at the end of the year, and the allowance for doubtful accounts has a credit balance of $ a Prepare the adjusting journal entry to record bad debt expense for the year. b If the allowance for doubtful accounts had a debit balance of $ instead of a credit balance of $ prepare the adjusting journal entry for bad debt expense. List all debit entries before credit entries. 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. No Account Titles and Explanation Debit Credit a b
Bonita Co uses the percentageofreceivables basis to record bad debt expense and concludes that of accounts receivable will become uncollectible. Accounts receivable are $ at the end of the year, and the allowance for doubtful accounts has a credit balance of $
a Prepare the adjusting journal entry to record bad debt expense for the year.
b If the allowance for doubtful accounts had a debit balance of $ instead of a credit balance of $ prepare the adjusting journal entry for bad debt expense.
List all debit entries before credit entries. 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.
No Account Titles and Explanation
Debit
Credit
a
b
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