Homework Help: accounting

Posted by Kimmie on Saturday, December 8, 2012 at 7:33pm.

The balance in the allowance for doubtful account is $30,000 credit. You write off $18,000 on a specific invoice to Bob. Later, Bob pays you $2000 on these written off invoices. At year-end, you estimate that $25,000 of invoices will not be collectible. Make all the appropriate journal entries.

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