Question: Battle Tank Limited had net sales in 2014 of 1 1

Battle Tank Limited had net sales in 2014 of $1.1 million. At December 31, 2014, before adjusting entries, the balances in selected accounts were as follows:
Accounts Receivable 5250,000 debit;
Allowance for Doubtful Accounts 52,800 credit.
Assuming Battle Tank has examined the aging of the accounts receivable and has determined the Allowance for Doubtful Accounts should have a balance of $30,000, prepare the December 31, 2014 journal entry to record the adjustment to Allowance for Doubtful Accounts.

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  • CreatedSeptember 18, 2015
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