Campbell-Wilson Corporation, is a software development company that recently reported the foliowing amounts (in thousands) in its unadjusted trial balance as of February 28, 2019. Required: 1. Assume Campbeli.Wison uses 14 of 1 percent of revenue to estimate its bad debt expense for the yeac Prepare the adjusting journal entry required ot Februacy 28 for recording Bad Debt Expense. 2. Assume instead that Camipbel-Wison uses the aging of accounts receivable method and estimates that $6,900 (thousand) of Accounts Receivablo will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. ne: The aging of accounts recelvable method focuses on calculating what the adjusted Allowance for Doubtful Accounts balance should be. You need to consider the existing balance when determining the adjustment. 3. Assume that the unadjusted balance in Campbell-Wilson's Allowance for Doubtful Accounts at February 28 was a debit balance of $1,380 (thousand). CampbellWilson uses the oging of accounts receivable method and nstimates that $6,900 (thousand) of Accounts Recelvable will be uncoliectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. 4. If one of Campbell. Wilson's customers deciared bankruptcy, what journal entry would be used to write off is $690 (thousand) bolance? Complete this question by entering your answers in the tabs below. Assume Campbell-wilson uses W of i percent of revenue ta entimate its bad debt expense for the year. Prepare the adjusting joumal entry required at February 28 for recoroing bad Debt tipense. fit no entry is required for a transactionjevent, select "No 3ournal tnitry Hetured" in the first account field, Enter yeut answers in whicle dellars, rather than it thousandis of collars fe.9. 14 would be entered as 34,000)] Hhow inen a Journal entry worksheet Phecerd the entry for had debt expenses under the percentage of credit sales: method. haisi Eiter debie betus oedse. Campbetil-wison Corporation, is a software development company that recenty reported the following amounts (in thousands) in its unadjusted trial balance as of February 28, 2019. Required: 1. Assume Campbeli.Wison uses 1 of 1 percent of revenue to estimate its bod debt experise for the year Prepare the achusting journal entry required at February 28 for recording Bad Debt Experse. 2. Assume instead that CampbellWilson uses the aging of accounts recetvable method and estimates that 36,900 (thousand) of Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. TIP: The aging of accounts receivable method focuses on calculating what the adjusted Allowance for Doubtful Accounts balance should be. You need to consider the existing balance when determining the acfustment 3. Assume that the unadjusted balance in CampbelWison's Allowance for Doubtful Accounts at February 28 was a debt balance of $1,380 (thousand). Campbell-Wison uses the aging of accounts receivable method and estimates that $6,900 (thousand) of Accounts Receivable will be uncollectble. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. 4. If one of CampbellWison's customers declared bankruptcy. What joumal entry would be used to write off is $690 (thousand) bolance? Complete this question by entering your answers in the tabs below. Assume instead that Campbeli-Wison uses the nging of accounts receivelie method and essonatas that 55,900( thousand) of Accounts Hecelvable will be uncollectible. Prepace the adjusting fournal entry required ot feoruary 20 for reconting bad debt expense. would be enternd as 44,000 .). Showe +i=1 Journal entry worksheet Recert the entry for had debt expenses under the oging of accounts rowivabie method. Campbell-Wison Corporation, is a software development company that recently reported the following amounts (in thousands) in its unadjusted trial balance as of February 28, 2019. Required: 1. Assume CampbellWison uses % of 1 percent of revenue to estimate its bad debt expense for the year. Prepare the adjusting journal entry required at February 28 for recording Bad Debt Expense. 2. Assume instead that Campbeliwison uses the oging of accounts receivable method and estimates that 56,900 (thousand) of Accounts Recelvable will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bed debt expense: T1P: The aging of accounts receivable method focuses on calculating what the adjusted Allowance for Doubtful Accounts balance should be. You need to consider the existing bolance when determining the adjustment, 3. Assume that the unadjusted balance in Campbell-Witson's Allowance for Doubtful Accounts at February 28 was a debit baiance of $1,380 (thousand). Campbeli-Wison uses the aging of accounts receivable method and estimates that $6,900 (thousand) of Accounts Receivable will be uncollectble. Prepare the adjusting journal entry required at February 28 for recording bod dett expense. 4. If one of Campbell. Wikson's customers declared bankruptcy, what journal entry would be used to write off iss $690 (thousand) balance? Complete this question by entering your answers in the tabs below. Assume that the unadjusted balance in Campteell-Witson's Allowance for Doubtful Accounts at February 28 was a debit balance of 31 ; 3 as (thousend). Campbet-wilson uses the aging of accounts receivable method and estimates that $6,900 (thousand) of Accounts Receivahle will be incollectible. Prepare the adjusting joumal entry required at februsy 2 fol for recording bad debt expense. (tI no entiry rather thun in theusands of dollars \{e. 0.14 woild be entered as $4,000). Journal entry worksheet Hectard the adjusing entry tor bed detts as of February 29 , iting the aging of acceunts receivable method. Campbell-Wison Corporation, is a software development company that recently reported the following amounts (in thousands) in its unadjusted trial balance as of February 28, 2019. Required: 1. Assume Campbeli.Wilson uses 1/4 of 1 percent of revenue to estimate its bad debt expense for the yeac Prepare the adjusting journal entry required at February 28 for recording Bad Debt Expense. 2. Assume instead that Campbel-Wilson uses the aging of accounts receivable method and estimates that $6,900 (thousand) of Accounts Receivabie will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. Tip. The aging of accounts recelvable method focuses on calculating what the adjusted Allowance for Doubtful Accounts balance should be. You need to consider the existing balance when determining the adjustment. 3. Assume that the unadjusted balance in Compbell-Wison's Allowance for Doubtful Accounts at February 28 was a debit balance of $1,380 (thousand). Campbell-Wison uses the aging of accounts receivable method and estimates that $5,900 (thousand) of Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. 4. If one of Campbell-Wison's customers declared bankruptcy, what journal entry would be used to write off its $690 (thousand) balance? Complete this question by entering your answers in the tabs below. If one of Campbeli-Wilson's customers dectared bankruptcy, what joumal entry would be used to write off its 5690 (thousand) balance? (ti no entry is required for a toansactionverent, select tho journal Entry fiequired in the first account fleid. Enter your answers in whole dettans, rather than in thousands of dollars (e 9.54 would be entered as 34,000). ) Journal entry worksheet Recoed the write-0ff of a $690,000 customer account, which is not collectoble due to barikruptey. Mote: Enter debits betere cecits