Chapter 9, Problem 9.5E

Bad Debt Expense, Write-Offs, Journal Entry. Answer the following questions using the information provided in E9-4.

Required

Prepare the journal entries required to record each of the following events.

1. a. Giaraldi’s credit management decided to write off all accounts that were more than 90 days past due.
2. b. A year after the write-offs recorded in part (a) assume that Onix Construction pays the entire balance due.