I am behind need help in how to post journalizing a the adjusting entry.:confused: :confused:

If you post the example we can help you.

Quote:

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Originally Posted by SeanF138

If you post the example we can help you.

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The ledger of a Company at the end of the current year shows Accounts Receivable
$110,000, Sales $840,000, and Sales Returns and Allowances $28,000.
Instructions
(a) If the company uses the direct write-off method to account for uncollectible accounts, journalize
The adjusting entry at December 31, assuming The Company determines that Rud"s $1,400 balance
Is uncollectible.
(b) If Allowance for Doubtful Accounts has a credit balance of $2,100 in the trial balance, journalize
The adjusting entry at December 31, assuming bad debts are expected to be (1) 1%
Of net sales, and (2) 10% of accounts receivable.
(c) If Allowance for Doubtful Accounts has a debit balance of $200 in the trial balance, journalize
The adjusting entry at December 31, assuming bad debts are expected to be (1) 0.75%
Of net sales and (2) 6% of accounts receivable

This isn't an "example" -- it's your homework problem. Please read the red announcement at the top of the page for the rules about homework.