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    Accounts receivable and bad debt journal entries

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    Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.

    © BrainMass Inc. brainmass.com May 20, 2020, 11:07 pm ad1c9bdddf
    https://brainmass.com/business/the-accounting-cycle/accounts-receivable-bad-debt-journal-entries-552533

    Solution Preview

    Here are the two classic entries needed:

    Estimate bad debts:
    ......................................DEBIT.............CREDIT
    Bad debt expense.....................XX
    Allowance for doubtful accounts........................XX

    Write off account:
    Allowance for doubtful ...

    Solution Summary

    The solution provides the accounts receivable and bad debt journal entries.

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