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Kubera Co's Allowance for Bad Debts account

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On January 1, 2013, the balance in Kubera Co's Allowance for Bad Debts account was 1,300. During the year, a total of $3615 of delinquent accounts receivable was written off as bad debts. The balance in the Allowance for Bad Debts account at December 31, 2013 was 1,420.;Required;A. what was the total amount of bad debts expense recognized during the year;B. As a result of a comprehensive analysis, it is determined that the December 31, 2013, balance of Allowances for Bad Debts should be 4,330. Show the adjustment required in journal entry format

 

Paper#79956 | Written in 18-Jul-2015

Price : $27
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