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View Full Version : Allowance for Doubtful Accounts


bkmorris
Jan 28, 2008, 10:49 AM
An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require what type of entry?

justwonder2
Feb 3, 2008, 02:54 PM
A debit to Allowance for doudtful account for $4,000
A credit to Accounts receivable of $4,000