Providing for doubtful accounts At the end of the current year, the accounts receivable account has...

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Providing for doubtful accounts At the end of the current year, the accounts receivable account has a debit balance of $1,894

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Answer 1

Answer #1

a):- Bad debts expenses = 1/2 of 1% of sales = 1/2 X 1℅ X $26,510,000 =$132550

b):- Because beginning allowance account having debit balance and estimated allowance amount always has credit balance to reduced Account receivable balance that have debit balance .therefore

Bad debt expenses = difference of account of doubtful allowance = $27670(Credit) - $12900(Debit) =$14770

c):- Bad debt expenses = 3/4 of 1% of Sales = 3/4 X 1℅ X $26,510,000 = $198825

d):- Because beginning allowance having credit balance and estimated allowance amount always have credit too. Therefore

Bad debts expenses= $5700(Credit) +47300(Credit)=$53000.

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Answer 2

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