QUESTION #4: Instructions: Prepare adjusting entry at Dec. 31, 2017, for bad debt expense under each of following assumptions: An aging schedule indicates that 14,260 of accounts receivable will be uncollectible. The company estimates that 1.5% of sales will be uncollectible. Repeat part (a) assuming that instead of a credit balance there is an 960 debit balance in Allowance for Doubtful Accounts. During the next month, January 2018, a 3,000 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. Repeat part (c) assuming that Frances de Carlo uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable.
COMPANY INFO: At Dec. 31, 2017, trial balance of Frances de Carlo Company contained the following amounts before adjustment. Debit Credit Accounts Receivable 385,000 Allowance for Doubtful Accounts 700 Sales Revenue 642,000
(a) 1&2 GENERAL JOURNAL
Dec	Account Title	Debit	Credit
(b) 1 & 2
Dec	Account Title	Debit	Credit
(c)
Dec	Account Title	Debit	Credit
(d)
Dec	Account Title	Debit	Credit

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