Dialex Watches completed the flowing selected transactions during 2004 and 2025 (Click the icon to view the transactions) Read the requirements Requirement 1. The Taccounts for Allowance for Bad Debts and Bad Debts Expense have been spened for you, assuming the accounts begin with a zero balance. Record the transactions in the general journal (amit explanations), and post to the two Taccounts. Record debits first, the credits. Exclude explorations from ound entries Abbreviations used Ad Adjusting entry, Clos. Closing entry, WO - Withoof) Begin by recording the 2004 tractions in the general mal Dec. 31: Estimated the bad debts expense for the year was of credit sales of $480,000 and recorded that amount as expense. The company uses the lowce method Date Accounts and Explanation Debit Credit 2024 Dec. 31 Requirements 1. The T-accounts for Alowance for Bed Debts and Bad Debts Expense have been opened for you, assuming the courte begin with a blanca Record the transactions in the general Journal omtesplanations and post to the two Tacco 2. Assume the December 31, 202, balance of Accounts Receivables $130.000. Show how et counts receivable would be reported on the balance sheet at the date Done Dile Welches completed the following selected transactions during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements Requirement 1. The Taccounts for Alowance for Bed Debts and Bad Debts Expense have been opered for you, suming the accounts begin with zero balance Record the transactions in the general Journal om explanations and post to the two Taccounts. Record debits first then credits. Exdude explanations from ouma entries. Abbreviations used: Adj. Adjusting entry. CorClosing entry, WO - Write-off.) Begin by recording the 2024 transactions in the general journal Dec. 31: Estimated that bad debts expense for the year was 3% of credit sales of $480.000 and recorded that amount as expense. The company uses the allowance method Date Accounts and Explanation Debit Credit 2024 Dec 31 More info () 2024 De 31 Dec 31 2025 Estimated that bad debts expense for the you wa of credited or 180.000 and recorded at amount as expense. The company wance method Made the closing entry for bad debts experise Jan. 17 Aug Sold merchandise inventory to Manny Vesquer. $800, on account grore Cost of Goods Sold Wrote of Manny Vasquez's account as uncollectible aer repeated efforts to collect from hom Received $800 from Manny Vaquer, along with a letter apologizing for being sold Vasquez's account in all and recorded the cash receipt Made a compound entry to write of the following accounts as colectia 51. Mary Martin. $1,400, and Richard Reik5650 Estimated that bad debts expense for the year was on credits of 470,000 and recorded Dec 31 Choose from any list or enter any number in the input fields and then click Check Answer Dec. 31 Dec. 31 Made the closing for bad expense 10 por remaining
