Providing for Doubtful Accounts
At the end of the current year, the accounts receivable account has a debit balance of $1,154,000 and sales for the year total $13,090,000.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. | $ |
b. | $ |
c. | $ |
d. | $ |
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. | 13090000*1%*3/4 = 98175 |
b. | $49900-15600 = 34300 |
c. | $13090000*1$*1/4 = 32725 |
d. | $53100+6400 = 59500 |
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