Performance Bike.co has determined that the proper balance for the allowance for doubtful account at December is $372000. Assume that the allowance doubtful account for the performance Bike.CO had a debit balance of $28400 as of December 31. Journalize the adjusting entry for uncollectible accounts of December 31.

Performance Bike.co has determined that the proper balance for the allowance for doubtful account at December is $372000. Assume that the allowance doubtful account for the performance Bike.CO had a debit balance of $28400 as of December 31. Journalize the adjusting entry for uncollectible accounts of December 31.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter9: Receivables

Section: Chapter Questions

Problem 10E: Using data in Exercise 9-9, assume that the allowance for doubtful accounts for Waddell Industries...

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Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $37,661. Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $6,780 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31.
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