Question: DATE GENERAL JOURNAL. DERIT CREDIT b. 2) (20 points) Thatcher Company had a January 1, credit balance in its Allowance for Doubtful Accounts of $4,000
DATE GENERAL JOURNAL. DERIT CREDIT b. 2) (20 points) Thatcher Company had a January 1, credit balance in its Allowance for Doubtful Accounts of $4,000 for the current year. The following transactions and events affected the Allowance for Doubtful Accounts during the current year: Apr 15 Bean's account receivable of $2,700 was deemed uncollectible July 1 Cho paid the full amount of a previously written-off account receivable. This receivable of S1,300 had been written off in the prior year Dec 31 Bad debts expense of $4,500 was recorded. a. Prepare the general journal entries to record these transactions. DATE GENERAL XURNAL DEBIT CREDIT b. What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year
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