Homework Answers
3) Adjusting entry
| Date | account and explanation | Debit | Credit |
| Bad debt expense (100000*2%) | 2000 | ||
| Allowance for doubtful accounts | 2000 | ||
| (To record bad debt expense) |
4) Adjusting entry
Allowance for doubtful accounts = (9000*1%+1000*10%) = 190
Bad debt expense = 190-100 = 90
| Date | account and explanation | Debit | Credit |
| Bad debt expense | 90 | ||
| Allowance for doubtful accounts | 90 | ||
| (To record bad debt expense) |
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I need help on 3 and 4.
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