Use the provided partial chart of accounts to prepare the general journal entries in the space...

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Use the provided partial chart of accounts to prepare the general journal entries in the space provided below for the followi

DWC, LLC had $375,760 of accounts receivable and $782,160 in sales during the year. The December 31st balance, before any adj

business accounting

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Answer 1

Answer #1

PARTICULARS				AMOUNT
Account Receivable				375760
Allowance for doubtful debts (%)				2%

Allowance (375760*2%)				7515.2
Existing				1400
Allowance needs to be created				6115.2

JOURNAL ENTRY

DR ALLOWANCE FOR DOUBTFUL DEBTS				6115.2
CR ACCOUNT RECEIVABLES				6115.2

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Answer 2

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Use the provided partial chart of accounts to prepare the general journal entries in the space...

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