thaddom
06.10.2019 •
Mathematics
On december 31, 2012, brooke’s horse stable’s unadjusted allowance for doubtful accounts showed a debit balance of $432. an aging of the accounts receivable indicates probable uncollectible accounts of $1,000. the year-end adjusting entry for bad-debts expense includes a
a. debit to the allowance account for $568.
b. credit to the allowance account for $42.
c. debit to the allowance account for $822.
d. credit to the allowance account for $1,432.
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Ответ:
ADA has a debit balance and needs to be adjusted to carry the desired credit balance estimate of $1000. Debiting BDE by $1432 (1000+432) and crediting ADA by the same amount will yield out the desired carrying balance of $1000 at the end of the period
Ответ: