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P9-2A

# P9-2A - Name Instructor Accounting Principles Seventh...

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FileName: 19576da02efa4cb85acf2ab3dab2881eb6672273.xls , Tab: Problem P9-2A, Page 1 of 3, 05/06/2009, 21:45:01 Name: Date: Instructor: Course: Total credit sales \$1,640,000 Accounts receivable at December 31 620,000 Bad debts written off 26,000 Instructions: Area for computation 2% of credit sales. What amount of bad debts expense will DeKalb record if Allowance for Doubtful Accounts has a credit balance of \$3,000 ? Area for computation 5% of accounts receivable. What amount of bad debts expense will DeKalb Company record if Allowance for Doubtful Accounts has a credit balance of \$4,000 ? Area for computation \$2,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debts expense will DeKalb record? Area for computation Enter text answer here. Accounting Principles , Seventh Edition by Weygandt, Kieso, and Kimmel Solving Accounting Principles Problems Using Microsoft Excel for Windows by Rex A Schildhouse P9-2A Information related to DeKalb Company for 2005 is summarized below: (a) What amount of bad debts expense will DeKalb Company report if it uses the direct write-off method of accounting for bad debts? (b) Assume that DeKalb Company decides to estimate its bad debts expense to be (c) Assume that DeKalb Company decides to estimate its bad debts expense based on of accounts (d) Assume the same facts as in (c), except that there is a \$2,000 debit balance in Allowance for Doubtful Accounts. What amount of

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P9-2A - Name Instructor Accounting Principles Seventh...

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