After the December 31,2019 adjusting journal entries have been posted,Tri-State Distributors has the following account balances (all accounts have normal balances)are:
$$\begin{array} { | l | l | }
\hline \text { Account Title } & \text { Account Balance } \
\hline \text { Accounts Receivable } & \$ 240,000 \
\hline \text { Allowance for Bad Debts } & \$ 12,500 \
\hline \text { Bad Debts Expense } & \$ 14,500 \
\hline
\end{array}$$ Use this information to prepare,in good form,the Balance Sheet (partial)on December,31,2019.Include a proper heading.

Question

After the December 31,2019 adjusting journal entries have been posted,Tri-State Distributors has the following account balances (all accounts have normal balances)are:
 $$\begin{array} { | l | l | } 
\hline \text { Account Title } & \text { Account Balance } \
\hline \text { Accounts Receivable } & \$ 240,000 \
\hline \text { Allowance for Bad Debts } & \$ 12,500 \
\hline \text { Bad Debts Expense } & \$ 14,500 \
\hline
\end{array}$$ Use this information to prepare,in good form,the Balance Sheet (partial)on December,31,2019.Include a proper heading.

Quizplus · Accepted Answer

The Answer of After the December 31,2019 adjusting journal entries have been posted,Tri-State Distributors has the following account balances (all accounts have normal balances)are:
 $$\begin{array} { | l | l | } 
\hline \text { Account Title } & \text { Account Balance } \
\hline \text { Accounts Receivable } & \$ 240,000 \
\hline \text { Allowance for Bad Debts } & \$ 12,500 \
\hline \text { Bad Debts Expense } & \$ 14,500 \
\hline
\end{array}$$ Use this information to prepare,in good form,the Balance Sheet (partial)on December,31,2019.Include a proper heading.

After the December 31,2019 Adjusting Journal Entries Have Been Posted,Tri-State