THERE ARE $3$ PARTS!!! COMPLETE ALL $3!!!$

Prepare the journal entry to record the end$-$of$-$period adjustment for bad debts under the $($a$)$ percentage of credit sales method and

$($b$)$ aging of accounts receivable method.

Which of these methods is required by GAAP?

Journal entry worksheet

$1$

$2$

Record the end$-$of$-$period adjustment for bad debts under the percentage of

credit sales method.

Note: Enter debits before credits.

Required:

Prepare the journal entry to record the end$-$of$-$period adjustment for bad debts under the $($a$)$ percentage of credit sales method and

$($b$)$ aging of accounts receivable method.

Which of these methods is required by GAAP?

Complete this question by entering your answers in the tabs below.

Required $2$

Which of these methods is required by GAAP?

Aging of accounts receivables.

THERE ARE $3$ PARTS!!! COMPLETE ALL $3!!!!$

Percentage of credit sales.

Either the percentage of credit sales or aging of accounts receivables.

Journal entry worksheet

$2$

Record the end$-$of$-$period adjustment for bad debts under the aging of

accounts receivable method.

Note: Enter debits before credits.TH