Homework Answers
1.
Bad debt expense = (Accounts receivable- Estimated uncollectibles) - Allowance for doubtful accounts, beginning
= (128,000 x 6%)- 670
= 7,680-610
= $7,010
| Account Titles and Explanation | Debit | Credit |
| Bad debt expense | $7,010 | |
| Allowance for doubtful accounts | $7,010 |
2.
Bad debt expense = (Accounts receivable- Estimated uncollectibles) + Allowance for doubtful accounts, beginning
= (128,000 x 6%)+670
= 7,680+670
= $8,350
| Account Titles and Explanation | Debit | Credit |
| Bad debt expense | $8,350 | |
| Allowance for doubtful accounts | $8,350 |
Kindly comment if you need further assistance. Thanks‼!
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