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Saturday, 15 March 2014

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 (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

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    


(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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