Homework Answers
Allowance for doubtful debt debit balance after write off = $25,000 - 21,000 = $4,000
Credit balance in allowance for doubtful debt = $300,000*8% = $24,000
Credit adjustment to allowance for doubtful debt at December 31 = $24,000+4,000 = $28,000
Hence option $28,000 is correct.
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