..ooo Inland C LTE 1:16 PM edugen.w.leyplus.com ) Prepare the adjusting entry at

Question

..ooo Inland C LTE 1:16 PM edugen.w.leyplus.com ) Prepare the adjusting entry at December 31, 2017, for bad debt expense under each of the following independent assumptions. (1) An aging schedule indicates that $11,000 of accounts receivable will be uncollectible. (2) The company estimates that 1% of sales will be uncollectible. Repeat part (b) assuming that instead of a credit balance there is an $1,400 debit balance in Allowance for Doubtful Accounts. e During the next month, January 2018, a $2,800 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off e) Repeat part (d) assuming that Darby uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) b) () Dec 31 12) Dec. 31 (e) (1) Dec. 3 (2) Dec. 31 Attempts: of 3

Explanation / Answer

For part B & C please add the full information that is part a and the data given in the problem

d) Allowance for doubtful accounts 2800                Accounts receivable 2800 e) Bad debt expense 2800               Accounts receivable 2800

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