Homework Answers
| Working | |||||
| Provision = 439700*3% = 13191 | |||||
| Bad debts expense = 13191 - 3041 = 10150 | |||||
| Journal entries | |||||
| Particulars | Debit | Credit | |||
| a) | Bad debts expenses | $ 10,150.00 | |||
| allowance for doubtful accounts | $ 10,150.00 | ||||
| (to record Bad debt exp ) | |||||
| b) | Bad debts expenses (13191+918) | $ 14,109.00 | |||
| allowance for doubtful accounts | $ 14,109.00 | ||||
| ( to record bad debts exp ) | |||||
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