Question

Presented below is an aging schedule for Harper Company.

.:.

At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $9,000.

Instructions
(a) Journalize and post the adjusting entry for bad debts at December 31, 2013. (Use T-accounts.)
(b) Journalize and post to the allowance account these 2014 events and transactions:
1. February 1, a $900 customer balance originating in 2013 is judged uncollectible.
2. July 1, a check for $900 is received from the customer whose account was writ-ten off as uncollectible on February 1.
(c) Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,800 and the aging schedule indicates that total estimated uncollectible accounts will be $30,600.



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  • CreatedApril 07, 2014
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