On June 30 (the end of the period), Brown Company has a credit balance of $2,100 in Allowance for...
On June 30 (the end of the period), Brown Company has a credit balance of $2,100 in Allowance for Doubtful Accounts. An evaluation of accounts receivable indicates that the proper balance should be $31,265.
Required:
| Journalize the appropriate adjusting entry. Refer to the Chart of Accounts for exact wording of account titles. |
| Journalize the appropriate adjusting entry on June 30. Refer to the Chart of Accounts for exact wording of account titles. |
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JOURNAL
ACCOUNTING EQUATION
| DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
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