$4$

Journal Entry Journal Entry

Year $1$

Year $2$

Prepare journal entries to record Liang's Year $1$ summarized transactions and its year$-$end adjustments fo record bad debts expense. $($The company uses the perpetual inventory system, and it applies the allowance method for its accounts recielvables.$)$

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Journal entry worksheet

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References

Wrote off $$18,000$ of uncollectible accounts receivable.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$b$.,,,],[,,,],[,,,],[,,,]]$

Mc

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