year end adjusting journal entry for bad debt allowance

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Nov 13, 2007, 03:52 PM

tawselynn

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Join Date: Nov 2007

Posts: 1

year end adjusting journal entry for bad debt allowance

If your total balance is 42300 and you have 3072 for an allowance and you have to prepare a year-end adjusting journal entry to record the bad debts expense allowance for doubtful accounts is 3,500 debit do you add the 3500 + the 3072 to get your adjusted balance?

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