Presented below is an aging schedule for Bosworth Company At December 31, 2013 the unadjusted balance in
Question:
Presented below is an aging schedule for Bosworth Company
At December 31, 2013 the unadjusted balance in allowance for doubtful accounts is a credit of $6,900
Journalize the adjusting entry for bad debts at December 31,2013(credit account titles are automatically intended when amount
Post the adjust entry for bad debts at December 31,2013
Journal the 2014 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent
1. March 1, a $820 customer balance originating in 2013 is judged uncollectible.
2. May 1, a check for $820 is received from the customer whose account was written off as uncollectible on March 1.
Post to the allowance account these 2014 events. (Post entries in the order 0f journal entries posted in the previous part.)
Journalize the adjusting entry for bad debts at December 31, 2014 assuming that the unadjusted balance in Allowance for Doubtful indicates that total estimated bad debts will be $41,000. (Credit account titles are automatically indented when amount is entered)
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso