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C. Bad Debts Here is the information about the allowance for bad debts account for 2020: . . Beginning credit balance $5,000 Write off bad
C. Bad Debts Here is the information about the allowance for bad debts account for 2020: . . Beginning credit balance $5,000 Write off bad debts $ 13,000 Restoration of accounts written off $1,000 Bad debt expense, 2% of sales $ 22,000 At year end the auditor did an aging schedule that required an allowance of $25,000 . Required: The final, adjusted bad debt expense for 2020: Provide calculations on Excel worksheet Debit Credit 88 89 C. Bad debts 90 Allowance for bad debts 91 92 93 94 95 96 97 98 99 Bad debt expense 100 101 102 103 Debit Credit
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