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Charlottej
Jul 11, 2012, 04:12 AM
Adjusting trial balance includes:
Accts receivable $1,056,561. Debit
Allow. For deoubtful accts $10,260. Debit

An aging analysis estimates that 6% of yeare-end accts receivable are uncollectible

Adjusting entry

Bad debts expense??
Allow. For doubtful accts??


How do you compute?

paraclete
Jul 11, 2012, 05:47 AM
adjusting trial balance includes:
accts receivable $1,056,561. debit
allow. for deoubtful accts $10,260. debit

an aging analysis estimates that 6% of yeare-end accts receivable are uncollectible

adjusting entry

bad debts expense ?????????
allow. for doubtful accts ???????????


how do you compute?

6% of 1056561=