The amount of bad debt expense is affected by the balance in the allowance accou

Question

The amount of bad debt expense is affected by the balance in the allowance account. Learning Objective 4. 2. b. Post each entry that affects the following T accounts and determine the new balances: Allowance for Doubtful Accounts Apr. 3 v July 16 v Dec. 31 v 11,350 Jan. 1 Balance 12,240 Jan. 19 v 19,425 Nov. 23 V 41,600 Dec. 31 Unadjusted Balance v Dec. 31 Adjusting Entry v Dec. 31 Adjusted Balance 1,980 | 3,225 v 3,790 V 47,490 X 43,700 V Bad Debt Expense Cneck My t more Check Mv Work uses remaining

Explanation / Answer

T Account :

Apr 3 11350 Jan 1 Balance 41600 July 16 12240 Jan 19 1980 Dec 31 19425 Nov 23 3225 Dec 31 Unadjusted balance 3790 Dec 31 Adjusting entry 39910 Dec 31 Adjusted balance 43700

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