Friday, October 10, 2014

adjustment to record bad debts

An aging of a company\'s accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,100 credit balance, the adjustment to record bad debts for the period will require a

1) debit to Allowance for Doubtful Accounts for $7,900.
2) credit to All...

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