Assume that business solutions accounts receivable balance at june 30, 2018, is $20,250 and that one account of $100 has been written off against the allowance for doubtful accounts since march 31, 2018. if s. rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on june 30, 2018

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Gerald Melendez

Business

30 March, 13:39

Assume that business solutions accounts receivable balance at june 30, 2018, is $20,250 and that one account of $100 has been written off against the allowance for doubtful accounts since march 31, 2018. if s. rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on june 30, 2018

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Tally · Answer 1

The adjusting journal entry that must be made to recognize bad debts expense on june 30, 2018 is Accounts Receivable balance and bad debts expense is estimated to be 3% of accounts receivable.