Prepare journal entries for each transaction listed.
Required: | |
(a) | During the period, customer balances are written off in the amount of $15,700. (Omit the "$" sign in your response.) |
General Journal | Debit | Credit | |
Allowance for doubtful accounts | |||
Accounts receivable | |||
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(b) | At the end of the period, bad debt expense is estimated to be $13,000. (Omit the "$" sign in your response.) |
General Journal | Debit | Credit | |
Bad debts expense | |||
Allowance for doubtful accounts | |||
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