At December 31, 2022, the trial balance of Blossom Company contained the following amounts before adjustment.

		Debit		Credit
Accounts Receivable		$193,800
Allowance for Doubtful Accounts				$   1,420
Sales Revenue				875,700

(a)	Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $10,070 of accounts receivable will be uncollectible.
(b)	Repeat part (a), assuming that instead of a credit balance there is a $1,420 debit balance in Allowance for Doubtful Accounts.
(c)	During the next month, January 2023, a $1,930 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off.
(d)	Repeat part (c), assuming that Blossom Company uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable.

No.

Account Titles and Explanation

Debit

Credit

(a) 

enter an account title for the adjusting entry to record bad debt expense

enter a debit amount

enter a credit amount

enter an account title for the adjusting entry to record bad debt expense

enter a debit amount

enter a credit amount

(b) 

enter an account title for the adjusting entry assuming option b

enter a debit amount

enter a credit amount

enter an account title for the adjusting entry assuming option b

enter a debit amount

enter a credit amount

(c) 

enter an account title to record the write-off

enter a debit amount

enter a credit amount

enter an account title to record the write-off

enter a debit amount

enter a credit amount

(d) 

enter an account title for the jounral entry assuming option d

enter a debit amount

enter a credit amount

enter an account title for the jounral entry assuming option d

enter a debit amount

enter a credit amount

Answer rating: 100% (QA)

Solution Accounts titles and explanation Debit Credit a Bad debt Expense100701420 8650 ... View the full answer