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part c and d please! At the end of the current year, the accounts receivable account has a debit balance of $1,184,000 and sales for
part c and d please!
At the end of the current year, the accounts receivable account has a debit balance of $1,184,000 and sales for the year total $13,420,000. a. The allowance account before adjustment has a debit balance of $16,000. Bad debt expense is estimated at 3/4 of 1% of sales. b. The allowance account before adjustment has a debit balance of $16,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $51,200. C. The allowance account before adjustment has a credit balance of $4,600. Bad debt expense is estimated at 1/4 of 1% of sales d. The allowance account before adjustment has a credit balance of $4,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $38,200. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. 100,650 b. 67,200 c. $71,700 XStep by Step Solution
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