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 balance sheet approach if $1,210 is the estimated amount of uncollectible accounts.

Question

Quizplus · Accepted Answer

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 balance sheet approach if $1,210 is the estimated amount of uncollectible accounts.

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