Return to Blackboard US Kimmel, Financial Accounting, 9e Help System Announcements ssignment CALCULATOR PRINTER VERSION *BACK NEXT CES Question 3 At December 31, 2022, the trial balance of Swifty Corporation contained the following amounts before adjustment. Debit Credit Accounts Receivable $189,900 Allowance for Doubtful Accounts $ 1,410 Sales Revenue 865,500 dy (a) Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $10,650 of accounts receivable will be uncollectible. (b) Repeat part (a), assuming that instead of a credit balance there is a $1,410 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2023, a $2,180 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Swifty Corporation 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 (b) (c) Return to Blackboard PLUS Kommes, Financial Accounting, se Help System Announcements pen Assignment NEXT SOURCES ent CALCULATOR PRINTER VERSION & BACK c) wuring the next month, January 2023, >180 account recuiva is written or as uncovere. Prepare the journar entry to recoru the WI-OT. (d) Repeat part (c), assuming that Swifty Corporation 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) by Study (b) I (c) (d) LINK TO TEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Return to Blackboard US Kimmel, Financial Accounting, 9e Help System Announcements ssignment CALCULATOR PRINTER VERSION *BACK NEXT CES Question 3 At December 31, 2022, the trial balance of Swifty Corporation contained the following amounts before adjustment. Debit Credit Accounts Receivable $189,900 Allowance for Doubtful Accounts $ 1,410 Sales Revenue 865,500 dy (a) Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $10,650 of accounts receivable will be uncollectible. (b) Repeat part (a), assuming that instead of a credit balance there is a $1,410 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2023, a $2,180 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Swifty Corporation 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 (b) (c) Return to Blackboard PLUS Kommes, Financial Accounting, se Help System Announcements pen Assignment NEXT SOURCES ent CALCULATOR PRINTER VERSION & BACK c) wuring the next month, January 2023, >180 account recuiva is written or as uncovere. Prepare the journar entry to recoru the WI-OT. (d) Repeat part (c), assuming that Swifty Corporation 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) by Study (b) I (c) (d) LINK TO TEXT Question Attempts: 0 of 5 used
