Providing for Doubtful Accounts
At the end of the current year, the accounts receivable account has a debit balance of $ and sales for the year total $
a The allowance account before adjustment has a credit balance of $ Bad debt expense is estimated at of of sales.
b The allowance account before adjustment has a credit balance of $ An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $
c The allowance account before adjustment has a debit balance of $ Bad debt expense is estimated at of of sales.
d The allowance account before adjustment has a debit balance of $ An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions a through d listed above.
a $
b $
C $
d $
