Explore BrainMass
Share

Accounts receivable and bad debt journal entries

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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 March 22, 2019, 1:49 am 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.

$2.19