Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help thank you so much i love you (P8.3) (LO 2), AP Presented below is an aging schedule for Bryan Company at December 31,
please help thank you so much i love you
(P8.3) (LO 2), AP Presented below is an aging schedule for Bryan Company at December 31, 2021. At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,000. Instructions a. Journalize and post the adjusting entry for uncollectibles at December 31, 2021, (Use T-accountsi) a. Bad Debt Exp. $34,400 b. Journalize and post to the allowance account these 2022 selected events and transactions: 1. March 1, a $600 customer balance originating in 2021 is judged uncollectible. 2. May 1 , a check for $600 is received from the customer whose account was written off as uncollectible on March 1. c. Journalize the adjusting entry for uncollectibles at December 31,2022 , assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,400 and the aging schedule indicates that total estimated uncollectibles will be $36,700 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started