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Leave verches Receivables, allowance for doubtful accounts, write-ot and subsequent recovery Loi, 2.3 Outdoor Equipment (OE)

Leave verches Receivables, allowance for doubtful accounts, write-ot and subsequent recovery Loi, 2.3 Outdoor Equipment (OE)

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1.

Date Account Titles Debit Credit
2-Dec Accounts Receivable $          5,000
        Sales Revenue $          5,000
Cost of Goods Sold $          2,500
        Inventory $          2,500
20-Dec Allowance for Doubtful accounts $          3,700
        Accounts Receivable $          3,700
23-Dec Accounts Receivable $          2,500
       Allowance for Doubtful accounts $          2,500
Cash $          2,500
        Accounts Receivable $          2,500
31-Dec Bad Debt Expense $          1,330
       Allowance for Doubtful accounts $          1,330

2.

Accounts Receivable
Beg Bal $    50,000
2-Dec $      5,000 $      3,700 20-Dec
23-Dec $      2,500 $      2,500 23-Dec
End Bal $    51,300
Allowance for Doubtful Accounts
$      5,000 Beg Bal
20-Dec $      3,700 $      2,500 23-Dec
$      1,330 31-Dec
$      5,130
Bad Debt Expense
Beg Bal $             -  
31-Dec $      1,330
End Bal $      1,330

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