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Problem 8-05A a-d At December 31, 2022, the trial balance of Oriole Company contained the following amounts before adjustment. Credit Debit $175,800 Accounts Receivable Allowance
Problem 8-05A a-d At December 31, 2022, the trial balance of Oriole Company contained the following amounts before adjustment. Credit Debit $175,800 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $ 1,600 827,000 (a) Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $9,920 of accounts receivable will be uncollectible. (b) Repeat part (a), assuming that instead of a credit balance there is a $1,600 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2023, a $1,950 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Oriole Company uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Click if you would like to Show Work for this question: Open Show Work
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