Question

Summer and Sandcastles Resort had the following balances at December 31, 2014, before the year- end adjustments:


The aging of accounts receivable yields the following data:


Requirements
1. Journalize Summer’s entry to record bad debts expense for 2014 using the aging-of-receivables method.
2. Prepare a T-account to compute the ending balance of Allowance for BadDebts.


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  • CreatedJanuary 16, 2015
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