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Georgia Company uses the precentage of recievables method for recording bad debt expense. The accounts recievable balance is 600000 and credit sales are 2700000. Management estimates 4% of accounts receivable
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Georgia Company uses the precentage of recievables method for recording bad debt expense. The accounts recievable balance is 600000 and credit sales are 2700000. Management estimates 4% of accounts receivable will be uncollected. What adjusting entry will Georgia Company make to record bad debt expense if the Allowance for doubtful accounts has 5000 credit balance before adjustment?

User Frankie
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4 votes

Answer:

0.04 *60,0000= 2400

Debt Credit

Bad debt expense 2400

Accounts receivables 2400

Allowance for doubtful accounts 2400

Bad dent expense 2400

Step-by-step explanation:

User Christian Santos
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