Question: Error #2 In 20X2 Rock Corp inadvertently recorded a decrease to the Allowance for Bad Debts as an increase to the Allowance for Bad Debts.

Error #2 In 20X2 Rock Corp inadvertently recorded a decrease to the Allowance for Bad Debts as an increase to the Allowance for Bad Debts. Required decrease to Allowance for Bad Debts S 58,000 Error discovered in 20X2 before the books are closed. IGNORE INCOME TAXES. Original entry was as follows in 20X2: Bad Debt Expense Allowance for Bad Debts $ 58,000 $ 58,000 15.) The required correcting journal entry in 20X2 is as follow

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