Business, 23.07.2019 00:20 khemphill4118
It is dec 31 and the company needs to record it's bad debt expense for the year. they use the allowance method. the balance in the allowance for doubtful accounts, prior to adjustment, is $100 credit balance. based on an aging of accounts receivable, they estimate that $400 of their accounts receivable balance will not be collected next year. their adjusting journal entry for bad debts expense will include:
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It is dec 31 and the company needs to record it's bad debt expense for the year. they use the allowa...
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