Given the following information: Accounts receivable 31 December 2015 $281,962 Allowance for doubtful accounts balance: 31 December
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Question:
Given the following information:
Accounts receivable 31 December 2015 $281,962
Allowance for doubtful accounts balance: 31 December 2014 $3,693
Charged to costs and expenses: $2,951
Write-offs net of recoveries: ($714)
Balance at 31 December 2015: $5,930
Calculate the entry to be made into the bad debt expense account for the year ended 31 Dec 2015.
Also, Net receivables
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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