Homework Answers
Unadjusted balance of allowance for doubtful account = 2000+700-3500 = 800 Debit balance
a) Bad debt expense = 2300+800 = 3100
b) Ending AFDA = 2300
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Accounts Receivable
$376,000
Allowance for Doubtful Accounts (a credit balance)
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receivable as uncollectible. At year end, Smith performs an aging
of its accounts receivable balance and estimates that $3,800 will
be uncollectible.
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