The trial balance before adjustment of Adel Company reports the following balances:
Accounts receivable $100,000
Allowance for doubtful accounts $ 2,500
Sales (all on credit) 650,000
Sales returns and allowances 50,000
(b)Assume that all the information above is the same, except that the Allowance for Doubtful Accounts has a debit balance of $2,500 instead of a credit balance. How will this difference affect the journal entries in part (a)?© BrainMass Inc. brainmass.com October 9, 2019, 7:52 pm ad1c9bdddf
The trial balance before adjustment of Adel Company reports the following balances.