Hi, I'm doing an accounting question and I can't get my trial balance to balance I think its something to do with how I'm accounting for the bad debts. If I have sales of 4,200,000 made evenly throughout the year and customers are allowed a months credit and halfway during the year one of the customers goes bankrupt owing 15000 but expects to be able pay 5000, the company adjusts its bad debt provision to 5%. Last years provision was 6000. What are the journal entries for this? And how would it appear in the trial balance?
