Post a New Question


posted by on .

Assume that October's credit sales were $35,000. In the space below record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions:
a. The Allowance for Doubtful Acccounts before adjustment has a credit balance of $500.
b. The Allowance for Doubtful Accounts before adjustment has a debit balance of $250.
c. Uncollectible accounts expense is estimated at 2% of sales.

  • Accounting - ,

    Identifying and journalizing Closing Entries Klein Photography

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question