Question
Please can someone help me solve and give the right answer to my assignment. I would appreciate it much. Thank you! Pride Depot sell construction
Please can someone help me solve and give the right answer to my assignment. I would appreciate it much. Thank you!
Pride Depot sell construction tools and parts. Its total credit sales for July 2022 were $685,000. It is the practice of Pride Depot to allocate 6% of the total credit sales towards Allowance for Bad Debts and had at the beginning of the month $19,800 as the opening balance in the account. During the month, it became certain that $23,550 worth of invoices will not be collected and and were written-off. During the same month, Invoices worth $2,300 which were previously written-off, were collected. You are required: 1) to provide necessary journal entries and 2) find the balance in Allowance for Bad Debts Account at the end of the month
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