Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Allowance for Doubtful accounts with a debit balalnce (https://www.askmehelpdesk.com/showthread.php?t=327215)

  • Mar 9, 2009, 09:07 PM
    Gunnert6004
    Allowance for Doubtful accounts with a debit balalnce
    Before adjusting and closing the accounts had occurred, the Allowance for doubtful showed a debit balance of $3,200. Aging of the accounts receivable probably uncollectible to be $2,100. Under these circumstances, year end adjusting entry for uncollectible accounts expense would be?
  • Mar 10, 2009, 04:01 AM
    ROLCAM

    The difference of $1,100 should be made to fall free.
    This means you reverse the said amount to
    Bring the situation closer to reality.

  • All times are GMT -7. The time now is 04:57 AM.