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Unformatted text preview: Make the appropriate entry or (entries) Allowance for Bad Debt 89 Account Receivable 89 To adjust the allowance account to the desired ending balance 3 \ On June 29, 2010, Shannon Johnson was able to pay the amount she owed in full. Make the appropriate entry or (entries): Account Receivable 89 Allowance for Bad Debt 89 To reinstate the balance previously written off. Cash 89 Account Receivable 89 Received payment in full of previously written off account 4 \ Assume that Allowance for Bad Debt at December 31, 2009, had a debit balance of 1,100, instead of a credit of balance of 1,100. Make the necessary adjusting journal entry that would be needed on December 31, 2009. Bad Debt Expense Allowance for Bad Debt 1100 To adjust the allowance account to the desired ending balance (...
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This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.
- Spring '11