question archive Presented below is an aging schedule for Bosworth Company
Subject:AccountingPrice:2.85 Bought3
Presented below is an aging schedule for Bosworth Company.
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At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,000.
Instructions
(a) |
Journalize and post the adjusting entry for bad debts at December 31, 2013. (Use T-accounts.) |
(b) | Journalize and post to the allowance account these 2014 events and transactions:
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(c) |
Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,400 and the aging schedule indicates that total estimated bad debts will be $36,700. |
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