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Adjusting Entries- Allowance for Doubtful accounts made on 1-1-1X was.docx
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Adjusting Entries: Allowance for Doubtful accounts made on 1/1/1X was $40,000. The balance in the allowance account on 12/31/1X after making the annual adjusting entry was $50,000 and during 201X bad debts written off amounted to $30,000. You are to provide the missing adjusting entry. For each journal entry write Dr. for debit and Cr. for credit Solution Missing adjusting entry to be Passed .
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Adjusting Entries- Allowance for Doubtful accounts made on 1-1-1X was.docx
- Adjusting Entries: Allowance for Doubtful accounts made on 1/1/1X was $40,000. The balance in the allowance account on 12/31/1X after making the annual adjusting entry was $50,000 and during 201X bad debts written off amounted to $30,000. You are to provide the missing adjusting entry. For each journal entry write Dr. for debit and Cr. for credit Solution Missing adjusting entry to be Passed DR Allowance For Doubtful accounts CR Particulares Amount($) Particulares Amount($) Allowance for Doubtfull 40000 Bad debts written off 30000 Additional Allowance Made(Missing Entry Balancing Fig 40000 balance in the allowance account 50000 80000 80000
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