Ask Experts Questions for FREE Help !
Ask
    janedie's Avatar
    janedie Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 27, 2013, 08:31 PM
    How to record adjusting entry for doubtful accounts
    Estimated doubtful accounts at year end amounted to 5400
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Jan 29, 2013, 04:53 PM
    You have some missing components; actual bad debts, previous estimate brought forward

    Therefore all you can do is debit doubtful debts expenses and credit provision for doubtful debts

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Record T account for Allowance of Doubtful Accounts: How do I do this? [ 3 Answers ]

Allowance for Doubtful Accounts/Bad Debit I am almost at my wits end with this one. I am trying to complete an assignment for an accounting class and I am completely stuck. I am hoping that someone can help me out. I would be so grateful if someone can explain how to figure these problems out. I...

Journalize entries to record Allowance for doubtful accounts [ 3 Answers ]

How would you journalize entries to record allowance for doubtful accounts using two different bases. The ledger of Elburn company at the end of the current year shows accounts receivalbe $110,000, Sales $840,000 and salaes Revenue and allowances $28,000. If Elburn uses the direct write-off...

Journalize entries to record allowance for doubtful accounts [ 1 Answers ]

How would you journalize entries to record allowance for doubtful accounts debit credit accounts recv. 520,000 all for uncollect. Accts 300 ...

Record of Allowance for Doubtful Accounts entry [ 3 Answers ]

If a firm discovers that one of its accounts totaling $350 should be written off as uncollectible, if using an aging of receivables, the firm determines that the ending balance of the Allowance for Doubtful Accounts should be ($1,000). I'm also given that these is already $828 in Allowance for...


View more questions Search