At December 31, 2017, the trial balance of Malone Company contained the following amounts before adjustment.
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Question

 At December 31, 2017, the trial balance of Malone Company contained the following amounts before

adjustment.

 Debit

Credit

Accounts Receivable$180,000

 

Allowance for Doubtful Accounts 

$ 1,500

Sales Revenue 

875,000

Instructions

(a) Prepare the adjusting entry at December 31, 2017, to record bad debt expense, assuming that the aging schedule indicates that $10,200 of accounts receivable will be uncollectible.

Top Answer

31 December, 2017 Bad Debt... View the full answer

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