Jecunseedugen.wileyplus.com/edugen/student/main uni US Kimmel, Accounting, 6e g

Question

Jecunseedugen.wileyplus.com/edugen/student/main uni US Kimmel, Accounting, 6e g amounts before adjustment. $ 1,540 817,700 Sales Revenue (a) Prepare the adjusting entry at December 31, 2017, to record bad debt e (c) During the next month, January 2018, a s2,230 account recelivable is written off as uncollectible. Prepare the journal entry to record the write-ofMf. xpense, assuming that the aging schedule indicates that $9,710 of accounts receivable ill be uncollectible. Accounts, (d) Repeat part (c), assuming that Coronado Industries uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. indented when amount is entered. Do not indent manually.)

Explanation / Answer

Journal entry :

No accounts & explanation debit credit a Bad debt expense (9710-1540) 8170 Allowance for doubtful accounts 8170 (To record adjusting entry) b Bad debt expense (9710+1540) 11250     Allowance for doubtful accounts 11250 (To record adjusting entry) c Allowance for doubtful accounts 2230 Account receivable 2230 (To record write off) d Bad debt expense 2230 Account receivable 2230 (To record write off direct method)

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