Homework Answers
Allowance for doubtful account = (89000*4%+21000*15%+6000*65%) = 3560+3150+3900 = 10610
| Date | account and explanation | Debit | Credit |
| Dec 31 | Bad debt expense (10610-810) | 9800 | |
| Allowance for doubtful accounts | 9800 |
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TB EX Qu. 5-216 At the end of the year, a company has the... At the...
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[The following information applies to the questions displayed below.] At December 31, 2018, Hawke Company reports...
[The following information applies to the questions
displayed below.]
At December 31, 2018, Hawke Company reports the following results
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[The following information applies to the questions
displayed below.]
At December 31, 2018, Hawke Company reports the following results
for its calendar year.
Required information (The following information applies to the questions displayed below.] At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,478,710 3,022,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $915,666 debit 20,920 debit Required: 1. Prepare the adjusting entry...
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