|Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.|
|Accounts Receivable||$ 158,000|
|Sales Revenue||$ 182,000|
|(To record sales)|
|Accounts Receivable||$ 133,000|
|(To record cash received)|
|2018||Allowance for Bad debt expense||$ 2,300|
|Accounts Receivable||$ 2,300|
|(To record write off)|
|Beginning||$ 27,000||b||$ 133,000|
|a||$ 158,000||c||$ 2,300|
|Ending Balance||$ 49,700|
|Allowance for doubtful accounts|
|c||$ 2,300||Beginning||$ 3,000|
|2018, Dec 31||Bad Debt Expense||$ 6,320|
|Allowance for bad debt expense||$ 6,320|
|(To record bad debt expense) $158,000*4%|
|Allowance for doubtful accounts|
|Dec 31||$ 6,320|
|Bad Debt Expense|
|Dec 31 2018||$ 6,320|
|Requirement 4||Current Assets:|
|Accounts Receivbale||$ 49,700|
|Less: Allowance for bad debt expense||$ (7,020)||$ 42,680|
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