Homework Answers
| a | Bad debt expense | 22225 | (8890000*1%*1/4) | |
| Allowance for doubtful accounts | 22225 | |||
| b | ||||
| Estimated doubtful accounts | 33900 | |||
| Add | Beginnning uncollectible balance | 10600 | ||
| Bad debt expense | 44500 | |||
| Adjusting entry | ||||
| Bad debt expense | 44500 | |||
| Allowance for uncollectible accounts | 44500 | |||
| C | Bad debt expense | 66675 | (8890000*1%*3/4) | |
| Allowance for doubtful accounts | 66675 | |||
| d | Estimated doubtful accounts | 40700 | ||
| Less | Beginnning uncollectible balance | -4900 | ||
| Bad debt expense | 35800 | |||
| Adjusting entry | ||||
| Bad debt expense | 35800 | |||
| Allowance for uncollectible accounts | 35800 | |||
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