Wk4 D2b - E9-17 (15-30 min.) Allowance for Doubtful...

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Unformatted text preview: E9-17 (15-30 min.) Allowance for Doubtful Accounts: Credit balance needed: Credit balance needed Unadjusted balance Adjusting entry amount $11,500 $8,900 $2,600 Journal Date Accounts and Explanations Adjusting Entry: Uncollectable Account Expense for Uncollectable Accounts (11,500-8,900) Allowance for Doubtful Accounts $0 Balance Sheet Current Assets: Accounts Receivable Less: Allowance for Uncollectable Accounts Net Accounts Receivable * Another way to report accounts receivable: Balance Sheet Current Assets: Journal lanations ing Entry: -8,900) Post Ref. Debit 2,600 2,600 Credit counts $8,900 $2,600 $11,500 300,000 (-11500) 288,500 288,500 ...
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Wk4 D2b - E9-17 (15-30 min.) Allowance for Doubtful...

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