Accounting Direct Write Off Method

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1. 2. 3. 4. 5. 6. Q1 journal entry Date Explnation 17-Jan Bad debt expense Account Receivable Debit $ Credit 3,220.00 $ 3,220.00 To record bad debt expense written of Reinstating journal entry Date Explnation 6-Apr Account receivable Bad debt expense Debit $ Credit 3,220.00 $ 3,220.00 To record reinstated bad debt expense written of collection cash Account Receivable $ 3,220.00 $ 3,220.00 Q2 journal entry Date Explnation 17-Jan Allowance for doubful accounts Account Receivable Debit $ Credit 3,190.00 $ 3,190.00 To record bad debt expense written of Reinstating journal entry Date Explnation 6-Apr Account receivable Allowance for doubtful accounts To record reinstated bad debt expense written of collection cash Account Receivable Q3 1 $ 37,750.00 Debit $ Credit 3,190.00 $ 3,190.00 $ 3,190.00 $ 3,190.00 2 Adjusted balance $ 632,250.00 $ 43,750.00 $ 37,750.00 Account receivable Allowance for doubful accounts Bad debt expense 3 Net Realizable value of Account Receivable Q4 Q5 $ $ 626,250.00 18,000.00 Account receivable Allowance for doubful accounts Bad debt expense Adjusted balance $ 489,500.00 $ 13,500.00 $ 18,000.00 Net Realizable value of Account Receivable $ 471,500.00