Homework Answers
$25,197
Explanation:
(a) The bad debt write-offs for 11 months can be calculated by subtracting the November 30 balance from the total of the beginning.
Bad - debt write offs:
= Allowance for Bad Debts + bad debts expense - Allowance for Bad Debts account at November 30, 2019
= $13,364 + $21,756 - $9,923
= $25,197
(b) $630
Explanation:
Allowance for Doubtful debt:
= Allowance for Bad Debts account at November 30, 2019 - Allowance for Bad Debts account at December 31, 2019
= $9,923 - $9,293
= $630
(c) The journal entry for the above calculation is as follows:
Allowance for doubtful accounts Dr. $630
To Accounts receivables $630
Explanation:
Since, we need to make an allowance for doubtful debts therefore, accounts receivable shall decrease and therefore, should be credited.
Add Answer to:
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