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12 January, 15:03

Allowance for Doubtful Accounts has a debit balance of $845 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of $15,368. Which entries records the proper adjusting entry for bad debt expense?

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  1. 12 January, 18:08
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    Given that

    Debit balance = $845

    Uncollectible receivables = $15,368

    The Journal entry is given below:-

    1. Bad debt expenses $16,213

    To, Allowance for Doubtful Accounts $16,213

    (Being bad dept expenses is recorded)

    Note

    Computation is shown below:-

    Debit balance + Uncollectible receivables

    = $845 + $15,368

    = $16,213
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