journal entry worksheet\n1 2\nrecord estimated bad debts assuming that allowance for doubtful accounts has a…
journal entry worksheet\n1 2\nrecord estimated bad debts assuming that allowance for doubtful accounts has a $4,100 credit balance.\nnote: enter debits before credits.\ndate general journal debit credit\ndecember 31
Answer
Explanation:
Step1: Identify the account to debit
The account to debit when recording bad - debt expense is Bad Debt Expense.
Step2: Identify the account to credit
The account to credit is Allowance for Doubtful Accounts which already has a $4,100 credit balance. But we assume we are just making the general entry for estimated bad debts. The amount of the bad - debt expense is not given, so we'll just show the general journal entry format. Debit: Bad Debt Expense (amount to be determined based on estimation method) Credit: Allowance for Doubtful Accounts
Answer:
| Date | General Journal | Debit | Credit |
|---|---|---|---|
| December 31 | Bad Debt Expense | [Amount] | |
| December 31 | Allowance for Doubtful Accounts | [Amount] |