Question
Dr. Accounts Receivable$139,800 Cr . Allowance for Doubtful Accounts$3,160 Cr. Sales Revenue (all on credit)815,500 Dr. Sales Returns and Allowances51,950 Prepare the journal entry to
Dr.
Accounts Receivable$139,800
Cr.
Allowance for Doubtful Accounts$3,160
Cr.
Sales Revenue (all on credit)815,500
Dr.
Sales Returns and Allowances51,950
Prepare the journal entry to record bad debt expense assumingBuffaloCompany estimates bad debts at (a)4% of accounts receivable and (b)4% of accounts receivable but Allowance for Doubtful Accounts had a $1,450debit balance
a)
b)
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
