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Brown Company has $200,000 of accounts receivable at the end of the period. The management of Brown Co. estimates that $4,000 for its accounts
Brown Company has $200,000 of accounts receivable at the end of the period. The management of Brown Co. estimates that $4,000 for its accounts receivable will not be collected. The Allowance for Doubtful Accounts has a debit balance of $1,200. What is the journal entry to record Bad Debt expense for the year? Select one: a. Bad Debt Expense 1,200 Allowance for doubtful accounts 1,200 Allowance for doubtful accounts 2,800 Bad debt expense 2,800 c. Bad debt expense 2,800 Allowance for doubtful accounts 2,800 d. Bad debs expense 5,200 Allowance for doubtful accounts 5,200 Green Company has $400,000 of accounts receivable at the end of the period. The management of Brown Co. estimates that $10,000 for its accounts receivable will not be collected. The Allowance for Doubtful Accounts has a credit balance of $7,200. What is the journal entry to record Bad Debt expense for the year? Select one: Bad Debt Expense 2,800 Allowance for doubtful accounts 2,800 Allowance for doubtful accounts 2,800 Bad debt expense 2,800 Bad debt expense 2,800 Accounts receivable 2,800 Allowance for doubtful accounts 10,000 Bad debt expense 10,000
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