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On October 1 the MARINO company switches to an allowance method using aging of accounts receivable. As of October 31, MARINO had an ending debit
On October 1 the MARINO company switches to an allowance method using aging of accounts receivable. As of October 31, MARINO had an ending debit balance in accounts receivable of $335,000 and an ending credit balance in the allowance for bad debt account of $2,100 (prior to making the end of period adjusting entry). The following schedule gives the age breakdown of the $335,000 in accounts receivable: show the appropriate T-account entry to recognize bad debt expense. Calculate the value of net accounts receivable. On October 1 the MARINO company switches to an allowance method using aging of accounts receivable. As of October 31, MARINO had an ending debit balance in accounts receivable of $335,000 and an ending credit balance in the allowance for bad debt account of $2,100 (prior to making the end of period adjusting entry). The following schedule gives the age breakdown of the $335,000 in accounts receivable: show the appropriate T-account entry to recognize bad debt expense. Calculate the value of net accounts receivable
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