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please answer question B Oak Ridge Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts
please answer question B
Oak Ridge Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Oak Ridge's partial agining schcedule at the ernd of July: The unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,810. (a) Your answer is correct. Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information. (b) Prepare the adjusting journal entry to record the bad debts using the information deternined above. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Would your journal entry be different if the unadjusted balance in Allowance for Doubtful Accounts were a debit of $12,810 ? the bad debts expense would be $Step by Step Solution
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