Weygandt, Financ The ledger of r company the ear shows Accounts Recelcatile $105
ID: 2543575 • Letter: W
Question
Weygandt, Financ The ledger of r company the ear shows Accounts Recelcatile $105,000; Sale 835,000; a nd Sales Returns and (a) H Oriie Company unes the direct method to account c) lomanice for Doubtful Accounks has a debit balance of $190 in the trial balance, journaline the adjusiting enery a December 3, aounming bad debts are expected to be 10sof (Credit accouse nitles are autonmatically indented w amount is entered. Do mot indent maoally 0c) Click it you woald lhe to Sthrs Work for this questio on 0 6 8 9 TYU DFGH UK shiftExplanation / Answer
Answer:
Event
Description
Debit $
Credit $
(A)
Bad debt Expanses
1300
Account recivable
1300
________________________________________
Event
Description
Debit $
Credit $
(b)
Bad debt Expanses
12400
Allowance for Doubtful Accounts
12400
Allowance for Doubtful Accounts
=(105,000*14%)-2300
=14700-2300
=$12,400
______________________________
Event
Description
Debit $
Credit $
(C )
Bad debt Expanses
10690
Allowance for Doubtful Accounts
10690
Allowance for Doubtful Accounts
=(105,000*10%) +190
=10500 + 190
=$10,90
Event
Description
Debit $
Credit $
(A)
Bad debt Expanses
1300
Account recivable
1300
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