Homework Answers
Ans)
a) Bad debt expense 829
Accounts receivable 829
b) 9% of accounts receivable
74,700 X 9% = 6723
6723 - 1023 credit balance = 5700
Adjustment
Bad debt expense 5700
Allowance for doubtful accounts 5700
c) 9% of accounts receivable
74700 X 9% = 6723
6723 + 480 debit balance = 7203
Bad debt expense 7203
Allowance for doubtful accounts 7203
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