Here's the problem and what I've done so far with it. Prepare T accounts for Accounts Rec. and Allowance for Doubtful Accounts using the following information: Hernandez Co had an Accounts Rec balance of $320,000 and a credit balance in Allowance for Doubtful Accounts of $16,700 at January...

Hi! I have an assignment due tomorrow and am really fustrated I've been working on it since last month and can not figure out where I went wrong I am 52,000 and some odd hundred dollars off on my debits and credits! :eek: if anyone wants to help email me at [email protected]

If the balance in the Allowance for doubtful accounts is a credit of lets say 1,500, we would record the following on the balance sheet: Current assets: Accounts Receivable... 10,000 Less: Allowance for doubtful accounts... 1,500 ...

This is a silly question I'm sure, and the answer is very simple, but it is driving me crazy... The problem is: At the beginning of the year, The Office Equipment account of Gulf Coast Airlines had a debit balance of $126,900. During the year, debit entries of $23, 400 and credit entries of...