com/courses/208812/assignments/3181384 Cal YouTube Maps Translate News My Hotel Effectiven... receive a zero for this portion. 1) Kingston Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $1,500 (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 $800 instead of a credit balance of $1.500 determine the amount to be reported for bad debt expense. 2 on March 20. Dody's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage 552.freight-out $26, and travel expense S10. Prepare the Journal entry to record the replenishment of the petty cash fund. The following back reconciliation was prepared incorrectly prepare a correct reconciliation Cash balance porhunk com/courses/208812/assignments/3181384 Cal YouTube Maps Translate News My Hotel Effectiven... receive a zero for this portion. 1) Kingston Co. uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are $420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $1,500 (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 $800 instead of a credit balance of $1.500 determine the amount to be reported for bad debt expense. 2 on March 20. Dody's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage 552.freight-out $26, and travel expense S10. Prepare the Journal entry to record the replenishment of the petty cash fund. The following back reconciliation was prepared incorrectly prepare a correct reconciliation Cash balance porhunk