Question
On January 1, 2018 the companys allowance for doubtful accounts had a credit balance of $30,000. During 2018 the company charged $64,000 to bad debt
On January 1, 2018 the companys allowance for doubtful accounts had a credit balance of $30,000. During 2018 the company charged $64,000 to bad debt expense, wrote off $46,000 of uncollectible accounts and unexpectedly recovered $12,000 of previously written off accounts. What is the ending balance in the allowance for doubtful accounts? Required: a. Show the journal entry to record the write-offs b. Show the journal entry to record the recovery c. What is the ending balance in the allowance for doubtful accounts. can you help me solve this please
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