mroberge
Dec 9, 2011, 01:03 PM
Would it be conta asset, debit
pready
Dec 9, 2011, 01:41 PM
It is a contra asset account and would have a normal Credit balance.
mroberge
Dec 9, 2011, 01:49 PM
To record estimated uncollectedable receivables using the allowance method, the adjusting entry would be?
Is the answer debit to allowance for doughtful account and a credi ti a/r?
mroberge
Dec 9, 2011, 01:51 PM
To record estimated uncollectable receivable using the allowance method. The adjusting entry would be?
Is the answer a debit to allowance for doubtful acct and a credit to A/R