Chapter 09 - Exercise 9-3 Dec. 31 Bad Debts Expense . 4,375...

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Exercise 9-3 Dec. 31 Bad Debts Expense. ............................................................... 4,375 Allowance for Doubtful Accounts. ................................. 4,375 To record estimated bad debts expense (.005 x $875,000). Feb. 1 Allowance for Doubtful Accounts. ...................................... 420 Accounts Receivable—P. Coble. .................................... 420 To write off an account. June 5 Accounts Receivable—P. Coble. .......................................... 420 Allowance for Doubtful Accounts. ................................ 420 To reinstate an account. June 5 Cash. ....................................................................................... 420 Accounts Receivable—P. Coble. .................................... 420 To record cash received on account. Exercise 9-4 a. Dec. 31 Bad Debts Expense * .............................................................. 1,205 Allowance for Doubtful Accounts. ............................... 1,205 To record estimated bad debts expense.
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This note was uploaded on 06/29/2008 for the course ACCT 220 taught by Professor William during the Spring '08 term at University of Findlay.

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Chapter 09 - Exercise 9-3 Dec. 31 Bad Debts Expense . 4,375...

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