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?
|
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?
A debit to Allowance for doudtful account for $4,000
A credit to Accounts receivable of $4,000
| All times are GMT -7. The time now is 07:43 PM. |