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    schildsplay2k1's Avatar
    schildsplay2k1 Posts: 2, Reputation: 1
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    #1

    Jul 11, 2008, 07:35 PM
    Find the adjusting entry
    Using the percentage of sales method. Estimated Bad Debt Expense associated with this year's sales will be approximately $3500. The balances in related accounts just prior to entering adjusting entries are listed below. Prepare the appropriate adjusting entry.

    Debit Credit
    Accounts Receivable________________________________$28000
    Allowance for Bad Debts____________________________________________$ 300
    Bad Debt Expense___________________________________0



    Can Yo explain
    mtelfort's Avatar
    mtelfort Posts: 1, Reputation: 1
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    #2

    Jul 13, 2008, 03:44 PM
    How to accrued a credit received from a purchase?
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