unadjusted @12/31/2015

/15 1000 a000 NAME $200,000 $800,000 $600,000 $10,000 CREDIT 1 BEGINNING BALANCE FOR ACCOUNTS RECEIVABLE @JAN 1, 2008 IS SALES ON ACCOUNT FOR 2008 ON ACCOUNT ARE CASH RECEIPTS FROM CUSTOMERS IN 2008 BEG BALANCE FOR ALLOW FOR DOUBTFUL ACCTS THE RESERVES FOR BAD DEBTS IS BASED ON 5 % OF THE ENDING BALANCE FOR ACCOUNTS RECEIVABLE @ DEC 31, 2008 MAKE THE APPROPRIATE JOURNAL ENTRY FOR ALLOW FOR DOUBTFUL ACCOUNTS ACCOUNTS RECEIVABLE WHAT ARE THE ENDING BALANCES FOR ALLOWANCE FOR DOUBTFUL ACCOUNTS BAD DEBT EXPENSE MAKE THE REQUIRED ENTRIES A/R BALANCE@ 12/31/2008 5,000,000 2 TO SET UP THE RESERVE FOR EACH CASE RESERVE FOR BAD DEBT IS 1% OF THE ENDING A/R BALANCE CASE 1 ALLOW FOR DOUBTFUL ACCTS BAL@ 12/31/2008 0 CASE 2 ALLOW FOR DOUBTFUL ACCTS BAL 12/31/2008 40,000 CREDIT CASE 3 ALLOW FOR DOUBTFUL ACCTS BAL@ 12/31/2008 10,000 DEBIT TN 3 A COMPANY WENT BANKRUPT AND OWED $18,000 TO ABC. MAKE THE ENTRY TO WRITE OFF THE $18,000 (USING THE ALLOWANG METHOD)