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Problem 8-3A Presented below is an aging schedule for Ivanhoe Company. Not Yet Due Number of Days Past Due Over 1-30 31-60 61
a ting are automatically indented when amount is Journalize the 2017 transactions: Cre entered. Do not indent manually.) 1. M
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Answer #1
Account titles and Explanation Debit Credit
Bad debts expense 36662
Allowance for Doubtful accounts 36,662
Bad debts expense
12/31/2016 36662
12/31 bal 36662
Allowance for Doubtful accounts
12/31 bal 7,900
31-Dec 36662
12/31bal 44,562
No Date Account titles and Explanation Debit Credit
1 3/1/2017 Allowance for Doubtful accounts 660
Accounts receivable 660
2 5/1/2017 Accounts receivable 660
Allowance for Doubtful accounts 660
cash 660
Accounts receivable 660
Allowance for Doubtful accounts
2016 12/31 bal 7,900
31-Dec 36662
12/31bal 44,562
2017
5/1/ 660 1-Mar 660
Account titles and Explanation Debit Credit
Bad debts expense 38600
Allowance for Doubtful accounts 38600
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