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Debit balance for Allowance for Doubtful Accounts
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Here's the problem and what I've done so far with it. Prepare T accounts for Accounts Rec. and Allowance for Doubtful Accounts using the following information: Hernandez Co had an Accounts Rec balance of $320,000 and a credit balance in Allowance for Doubtful Accounts of $16,700 at January...
Allowance for Doubtful accounts with a debit balalnce
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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?
Debit balance in Allowance for doubtful accounts account
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If the balance in the Allowance for doubtful accounts is a credit of lets say 1,500, we would record the following on the balance sheet: Current assets: Accounts Receivable... 10,000 Less: Allowance for doubtful accounts... 1,500 ... View more questions Search
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