On January 1, 2019, the balance in Kubera Co.s Allowance for Bad Debts account was $25,160. During the year, a total of $65,700 of delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $30,440. Required: a. What was the total amount of bad debts expense recognized during the year? (Hint. Make a T-account for the Allowance for Bad Debts account.) Answer is not complete. Bad debt expenses b. As a result of a comprehensive analysis, it is determined that the December 31, 2019, adjusted balance of Allowance for Bad Debts should be $61,600. Show the adjustment required in journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Event General Journal Debit Credit Bad debts expense Allowance for bad debts

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In this similar example I am not sure where to put the numbers to make a T-account. 

On January 1, 2019, the balance in Kubera Co.s Allowance for Bad Debts account was $25,160. During the year, a total of $65,700 of
delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at
December 31, 2019, was $30,440.
Required:
a. What was the total amount of bad debts expense recognized during the year? (Hint. Make a T-account for the Allowance for Bad
Debts account.)
Answer is not complete.
Bad debt
expenses
b. As a result of a comprehensive analysis, it is determined that the December 31, 2019, adjusted balance of Allowance for Bad Debts
should be $61,600. Show the adjustment required in journal entry format. (If no entry is required for a transaction/event, select "No
journal entry required" in the first account field.)
Answer is not complete.
No
Event
General Journal
Debit
Credit
Bad debts expense
Allowance for bad debts
Transcribed Image Text:On January 1, 2019, the balance in Kubera Co.s Allowance for Bad Debts account was $25,160. During the year, a total of $65,700 of delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $30,440. Required: a. What was the total amount of bad debts expense recognized during the year? (Hint. Make a T-account for the Allowance for Bad Debts account.) Answer is not complete. Bad debt expenses b. As a result of a comprehensive analysis, it is determined that the December 31, 2019, adjusted balance of Allowance for Bad Debts should be $61,600. Show the adjustment required in journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Event General Journal Debit Credit Bad debts expense Allowance for bad debts
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