Question
On January 1, 2018, Frank's Wand Company had a balance in the Allowance for Doubtful Accounts of $24,300.During 2018, the company wrote off $9,200 of
On January 1, 2018, Frank's Wand Company had a balance in the Allowance for Doubtful Accounts of $24,300.During 2018, the company wrote off $9,200 of accounts receivable and collected $1,200 on accounts previously written off.The balance in Accounts Receivable was $290,000 at January 1, 2018 and $350,000 at December 31, 2018.At December 31, 2018, Frank estimates that 92% of accounts receivable will prove to be collectible. What is Bad Debt Expense for 2018?
Not sure how to put this all into T accounts to understand it all. Can you help me with this?
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
