Your answer is partially correct. Try again. The ledger of Splish Brothers Inc. at the...
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Your answer is partially correct. Try again. The ledger of Splish Brothers Inc. at the end of the current year shows Accounts Receivable $108,000; Sales Revenue S845,000; and Sales Returns and Allowances18,700. (a) If Splish Brothers Inc. uses the direct write-off method to account for uncollectible accounts, jounalize the adjusting entry at December 31, assuming Splish Brothers Inc. determines that L. Dole's $1,300 balance is uncollectible. b If Allo ance for Doubtful Accounts has a credit balance of$2,500 in the trial balance ou nalize the adjusting entry at December 31, assuming bad debts are expected to be 14% of accounts eceivable. (e) If Allowance for Doubtful Accounts has a debit balance of $208 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Bad Debt Expense 1300 Accounts Receivable 1300 b) Bad Debt Expense Allowance for Doubtul Accounts (c) TBad Debt Expense Allowance for Doubtul Accounts
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