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the final balance of the allowance for doubtful debt is to be adjusted to represent 2% of the closing balance accounts receivable. Provided with following
the final balance of the allowance for doubtful debt is to be adjusted to represent 2% of the closing balance accounts receivable. Provided with following information
current balance of accounts receivable $200,000
current balance allowance for doubtful debt $2000 DEBIT!!
Bad debt written off for the period $500Tax rate 30%
Tax Rate 30%
Question- with relation to the accounts receivable, what will be the required balance of the DTL at the end of the year?
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