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    alal1024's Avatar
    alal1024 Posts: 1, Reputation: 1
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    #1

    Sep 22, 2006, 10:47 AM
    Year-end Adjusting enteries
    It is estimated that 5% of the accounts receivable balances, which is 49,000 will become uncollectible. What type of adjusting entry should I make?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Sep 22, 2006, 11:56 AM
    What is 5% of 49,000?

    2,450

    Dr. Bad Debt Expense 2,450
    Cr. AFDA 2,450
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