On January 1, 2013, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,853. During the first 11 months of the year, bad debts expense of $21,188 was recognized. The balance in the Allowance for Bad Debts account at November 30, 2013, was $9,919.;Required;(a);What was the total of accounts written off during the first 11 months? (Hint: Make a T-account for the Allowance for Bad Debts account.);b).;(b);As the result of a comprehensive analysis, it is determined that the December 31, 2013, balance of the Allowance for Bad Debts account should be $9,299. Show the adjustment required in the journal entry format.;Other Requirements: and how do i record the entry to adjust the allowance account to the appropriate balance.
Paper#20754 | Written in 18-Jul-2015Price : $27