Bad Debt Expense: Aging Method

Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year.

The balance in Glencoe allowance for doubtful accounts at the beginning of the year was $$47,170($credit$).$ During the year, accounts in the

total amount of $$51,232$ were written off.

Required:

Determine bad debt expense.

$

Prepare the journal entry to record bad debt expense. If an amount box does not require an entry, leave it blank.

$($Record adjusting entry for bad debt expense estimate$)$

If Glencoe had written off $$73,000$ of receivables as uncollectible during the year, how much would bad debt expense reported on the

income statement have changed?

$

Bad Debt Expense: Aging Method

Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year.

The balance in Glencoe allowance for doubtful accounts at the beginning of the year was $$47,170($credit$).$ During the year, accounts in the

total amount of $$51,232$ were written off.

Required:

Determine bad debt expense.

$

Prepare the journal entry to record bad debt expense. If an amount box does not require an entry, leave it blank.

$($Record adjusting entry for bad debt expense estimate$)$

If Glencoe had written off $$73,000$ of receivables as uncollectible during the year, how much would bad debt expense reported on the

income statement have changed?

$