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Fill the rest of the table On December 31, 2021, the Allowance for Doubtful Accounts has an unadjusted debit balance of $1,090. Bellevue Corporation estimates
Fill the rest of the table
On December 31, 2021, the Allowance for Doubtful Accounts has an unadjusted debit balance of $1,090. Bellevue Corporation estimates that 11% of its total accounts receivable balance of $85,400 will become uncollectible and records the necessary adjustment to the Allowance for Doubtful Accounts. On May 11, 2022. Bellevue Corporation determined a J. Rend's account was uncollectible and wrote oft $1.440. On June 12, 2022. Reno paid the amount previously written off. Prepare the journal entries on December 31, 2021, May 11, 2022 and June 12, 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit 3121 Bad Debts Expense Allowance for Doubtful Accounts 11/22 Allowance for Doubtful Accounts Accounts Receivable 12/22 Accounts Receivable INTE Allowance for Doubtful Accounts (To reverse write-off of account receivable) Cash Accounts Receivable To record recovery of uncollectible amount) Step by Step Solution
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