Project 7:

Please answer all questions and show work! Thank you in advance!

Project #7: Bad Debt Expense Fido's Food Mart Adjusted Trial Balance December 31, 20XX Account Title Cash Accounts Receivable Less: Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance Equipment Vehicle Less: Accumulated Depreciation - Equipment & Vehicle Accounts Payable Unearned Revenue (Gift Cards) Bonds Payable (mature 12/31/XX) Common Stock (200 shares@ $210/share, par $210) Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Bad Debt Expense Depreciation Expense Insurance Expense Rent Expense Supplies Expense Wages Expense Totals DebitsCredits 52,898 12,250 0 20,390 650 320 30,550 12,250 62,128 275 12,000 42,000 0 134,725 40 64,330 34,840 0 160 5,750 1,200 15,500 $251,128 $251,128