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Entry for Uncollectible Accounts Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $372,500. Assume
Entry for Uncollectible Accounts
Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $372,500. Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $28,400 as of December 31.
Journalize the adjusting entry for uncollectible accounts as of December 31. If an amount box does not require an entry, leave it blank.
Dec. 31 Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCash Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCash
Entry for Uncollectible Accounts
Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $372,500. Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $28,400 as of December 31.
Journalize the adjusting entry for uncollectible accounts as of December 31. If an amount box does not require an entry, leave it blank.
| Dec. 31 | Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCash | ||
Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debt ExpenseCash |
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