On December 31,2015,Landscape Pros had a balance in Accounts Receivable of $25,000.Net credit sales for the year were $400,000.The Allowance for Doubtful Accounts has a debit balance of $500.Journalize the recording of the bad debt expense under the income statement approach if 0.5% of net credit sales is deemed uncollectible.

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The Answer of On December 31,2015,Landscape Pros had a balance in Accounts Receivable of $25,000.Net credit sales for the year were $400,000.The Allowance for Doubtful Accounts has a debit balance of $500.Journalize the recording of the bad debt expense under the income statement approach if 0.5% of net credit sales is deemed uncollectible.

On December 31,2015,Landscape Pros Had a Balance in Accounts Receivable