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How to record adjusting entry for doubtful accounts
janedie
Jan 27, 2013, 08:31 PM
Estimated doubtful accounts at year end amounted to 5400
paraclete
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