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On January 1, 2019, the balance in Tabor Co's Allowance for Bad Debts account was $13,879. During the first 11 months of the year, bad
On January 1, 2019, the balance in Tabor Co's Allowance for Bad Debts account was $13,879. During the first 11 months of the year, bad debts expense of $21,533 was recognized. The balance in the Allowance for Bad Debts account at November 30, 2019, was $9,844.
Required:
a. What was the total of accounts written off during the first 11 months? (Hint. Make a T-account for the Allowance for Bad Debts
account.)
Bad debts write-Off:_______
b. As the result of a comprehensive analysis, it is determined that the December 31, 2019, balance of the Allowance for Bad Debts
account should be $9,455. Show the adjustment required in the journal entry format. (If no entry is required for a transaction/event,
select "No journal entry required" in the first account field.)
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