Maurice Tutor

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Category > Accounting Posted 27 Sep 2017 My Price 3.00

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts has a debit balance of $600 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of $13,000. Which of the following entries records the proper adjusting entry for bad debt expense?

a. debit Bad Debt Expense, $600; credit Allowance for Doubtful Accounts, $600

b. debit Bad Debt Expense, $13,600; credit Allowance for Doubtful Accounts, $13,600

c. debit Allowance for Doubtful Accounts, $600; credit Bad Debt Expense, $600

d. debit Bad Debt Expense, $12,400; credit Allowance for Doubtful Accounts, $12,400

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Maurice Tutor
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Status NEW Posted 27 Sep 2017 10:09 PM My Price 3.00

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