Question
Outlaw Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $85,305. Assume that the allowance for
Outlaw Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $85,305. Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $7,410 as of December 31.
Journalize the adjusting entry for uncollectible accounts as of December 31. Refer to the Chart of Accounts for exact wording of account titles.
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outlaw Bike Co. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Journalize the adjusting entry for uncollectible accounts as of December 31. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
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1 | ||||||||
2 |
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