Question: Please help! Will rate! must show work. For the year ended December 31, 2017, Dent Co. estimated its allowance for uncollectible accounts using the year-end
Please help! Will rate! must show work.
For the year ended December 31, 2017, Dent Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available:
Allowance for uncollectible accounts, 1/1/17 $126,000
Provision for uncollectible accounts during 2017 90,000
Uncollectible accounts written off, 11/30/17 104,000
Estimated uncollectible accounts per aging, 12/31/17 156,000
After year-end adjustment, what should be the journal entry to record Bad Debt Expense?
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