Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)

A. Dr Bad debt expense $8,686

Cr Allowance for Doubtful account $8,686

B. Dr Bad debt expense $10,669

Cr Allowance for Doubtful account $10,669

Explanation:

(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.

Dr Bad debt expense $8,686

Cr Allowance for Doubtful account $8,686

[(3%*$385,200)-$2,870]

(Being to record bad debt expense)

B.Preparation of the adjusting journal entry for bad debt expense

Dr Bad debt expense $10,669

Cr Allowance for Doubtful account $10,669

[(3%*$385,200)+$887]

(Being to record bad debt expense)

i would get some file cabnitsits to store all my documents and paper work, then i would make sure to always keep my desk clean and organzed by using sticky notes to mark a stack of papers. and etc. but mainly i would just stay clean and organized because it will make lfe alot eaisier trust me. hope this !

this is all on your opinion. you choose what you want to do.