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Flint Corporation has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable $330,500 Sales Revenue
Flint Corporation has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable $330,500 Sales Revenue 2,222,100 Allowance for Doubtful Accounts 5,643 Bad debts are estimated to be 6% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Assets Accounts Receivable. Allowance for doubtful accounts Beg Bal $ $ Adj. Liabilities + $ Common Stock
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