Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding...

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Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $71

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $7

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Answer 1

Answer #1

Transaction	General Journal	Debit	Credit
(a)	Bad Debts expense (71500*6%-1216)	3074
	Allowance for doubtful accounts		3074

(b)	Bad debts expense(71500*6%+358)	4648
	Allowance for doubtful accounts		4648

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Answer 2

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Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding...

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding...

Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding...

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