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I am doing somthing wrong here, can you please help. Thank you Hitachi, Ltd., reports total revenues of 9,616,202 million for its current fiscal year,
I am doing somthing wrong here, can you please help. Thank you
Hitachi, Ltd., reports total revenues of 9,616,202 million for its current fiscal year, and its current fiscal year-end unadjusted trial balance reports a debit balance for trade receivables (gross) of 2,797,935 million. a. Prepare the adjusting entry to record its bad debts expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial balance reports a credit balance of 10,000 million for the allowance for doubtful accounts b. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 2.0% of year-end trade receivables (gross) and its unadjusted trial balance reports a credit balance of 10,000 million for the allowance for doubtful accounts. Round your final answers to nearest whole dollar. Enter your answers in millions.) View transaction list Journal entry worksheet 2 Record the estimated bad debts. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journalStep by Step Solution
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