Question
The trial balance before adjustment of Rima Company reports the following balances Accounts receivable 300 000 Allowance for doubtful accounts 5 000 debit Sales 1
The trial balance before adjustment of Rima Company reports the following balances Accounts receivable 300 000 Allowance for doubtful accounts 5 000 debit Sales 1 700 000 and Sales returns and allowances 80 000 the entry for estimated bad debts assuming that doubtful accounts are estimated to be 6 of gross accounts receivable is O a Bad debts expense debit 18 000 and Allowance for doubtful account credit 18 000 O b Bad debts expense debit 13 000 and Allowance for doubtful account credit 13 000 O C Allowance for doubtful account debit 13 000 and Bad debts expense debit 13 000 O d Bad debts expense debit 23 000 and Allowance for doubtful account credit 23 000
The trial balance before adjustment of Rima Company reports the following balances Accounts receivable 300 000 Allowance for doubtful accounts 5 000 debit Sales 1 700 000 and Sales returns and allowances 80 000 the entry for estimated bad debts assuming that doubtful accounts are estimated to be 6 of gross accounts receivable is O a Bad debts expense debit 18 000 and Allowance for doubtful account credit 18 000 O b Bad debts expense debit 13 000 and Allowance for doubtful account credit 13 000 O C Allowance for doubtful account debit 13 000 and Bad debts expense debit 13 000 O d Bad debts expense debit 23 000 and Allowance for doubtful account credit 23 000
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