Page 1 of 1
8-Ch 8 At the end of each year, Dutch Supply Co. uses the simplified balance sheet approach (i.e., percentage of account
Posted: Sun Jul 03, 2022 4:11 pm
by answerhappygod
- 8 Ch 8 At The End Of Each Year Dutch Supply Co Uses The Simplified Balance Sheet Approach I E Percentage Of Account 1 (86.67 KiB) Viewed 14 times
8-Ch 8 At the end of each year, Dutch Supply Co. uses the simplified balance sheet approach (i.e., percentage of accounts receivable) to estimate bad debts. On December 31, 2020, it has outstanding accounts receivable of $166,000 and estimates that 3.5% will be uncollectible. Required: a. Give the entry to record bad debt expense for 2020 under the assumption that the Allowance for Doubtful Accounts has a $2,020 debit balance before the adjustment. View transaction list Journal entry worksheet < 1 Record the entry for estimated bad debts. Note: Enter debits before credits. Date December 31, 2020 General Journal Saved Debit Prev Credit www www Next