Prepare journal entries for each transaction listed. a. During the period, bad debts are written off in the amount of $14,500. b. At the end of the period, bad debt expense is estimated to be $16,000.

Prepare journal entries for each transaction listed. a. During the period, bad debts are written off in the amount of $14,500. b. At the end of the period, bad debt expense is estimated to be $16,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

### M6-3 Recording Bad Debts

**Learning Objective (LO6-2):**

Prepare journal entries for each transaction listed.

a. During the period, bad debts are written off in the amount of $14,500.

b. At the end of the period, bad debt expense is estimated to be $16,000.

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