Your answer is partially correct. Try again. At December 31, 2013, Crawford Comp

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Your answer is partially correct. Try again. At December 31, 2013, Crawford Company had a balance of $16,680 in Allowance for Doubtful Accounts. During 2014, Crawford wrote off accounts totaling $13,230. One of those accounts ($1,620) was later collected. At December 31, 2014, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $28,510 Prepare journal entries to record the 2014 transactions of Crawford Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Allowance for Doubtful Acc Debit Credit 3,230 Accounts Receivable 13,230 (To record amount written off) Accounts Receivable 1,620 Allowance for Doubtful 1,620 (To reverse write-off) Cash 1,620 Accounts Receivable To record collection of writeoff) Bad Debts Expense 1,620 12,040 llowance for Doubtful 12,040

Explanation / Answer

Working Notes:

Account Title & Explanation Debit ($) Credit ($) Allowance for doubtful Accounts 13230 Accounts receivable 13230 (To record write off) Accounts Receivable 1620 Allowance for doubtful accounts 1620 (to reverse write off) Cash 1620 Accounts receivable 1620 (to record collection of write off) Bad debt expense 23440 Allowance for doubtful accounts 23440 (to record bad debt expense)

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