Homework Answers
2.
| date | accounts | debit | credit |
| 12/31 | Bad debts expense a/c | 2,600 | |
| ........To Allowance for doubtful accounts | 2,600 | ||
working:
amount = (accounts receivable * percentage ) - balance for allowance for doubtful accounts
=> (45,000*8%)-1000
=>2,600.
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