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16 May, 03:26

Indicate the accounts affected and enter decreases to account categories with a minus sign. a. At the end of the period, bad debt expense is estimated to be $17,300. b. During the period, bad debts are written off in the amount of $7,100.

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  1. 16 May, 04:19
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    The journal entries are given;

    Explanation:

    a. Bad Debt Expense Dr.$17,300

    Allowance for Doubtful Accounts Cr.$17,300

    b. Allowance for Doubtful Accounts Dr.$7,100

    Accounts Receivable Cr.$7,100

    With Bad Debt Expense, the retained earnings will be decreased by ($17,300)

    with direct written off, the accounts receivables will be reduced by ($7,100) in balance sheet.
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