Question

PRINTER VERSION BACK NEXT On December 31, 2017, when its accounts receivable were $282,000 and its account Allowance for Doubtful Accounts had an unadjusted debit balance of $1,900, Kennel Corp. estimated that $15,800 of its accounts receivable would become uncollectible, and it recorded the bad debts adjusting entry. On May 11, 2018, Kennel determined that Fei Ya Cheng's account was uncollectible and wrote off $1,800. On November 12, 2018, Cheng paid the amount previously written off. Prepare the required journal entries to record each of the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 2017 Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debts Expense Allowance for Doubtful Accounts 2018 Date Account Titles and Explanation Debit Credit May. 11 Allowance for Doubtful Accounts Accounts Receivable Nov. 12Accounts Receivable Allowance for Doubtful Accounts (To reinstate account previously written off) Cash Accounts Receivable (To record amount collected)

Answer 1

Journal entries

Date	account and explanation	Debit	Credit
2017, Dec 31	Bad debt expense (15800+1900)	17700
	Allowance for doubtful accounts		17700
2018, May 11	Allowance for doubtful accounts	1800
	Account receivable		1800
Nov 12	Account receivable	1800
	Allowance for doubtful accounts		1800
	(To reinstate account previously written off)
	Cash	1800
	Account receivable		1800
	(To record amount collected)

calculate carrying amount

	Carrying amount
December 31,2017	282000
May 11,2018	282000-1800 = 280200
November 12,2018	280200