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:
$$\begin{array} { | l | r | }
\hline \text { Account Title } & \text { Account Balance } \
\hline \text { Accounts Receivable } & \$ 240,000 \
\hline \text { Allowance for Bad Debts } & \$ 12,500 \
\hline \text { Bad Debts Expense } & \$ 14,500 \
\hline
\end{array}$$ 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:
 $$\begin{array} { | l | r | } 
\hline \text { Account Title } & \text { Account Balance } \
\hline \text { Accounts Receivable } & \$ 240,000 \
\hline \text { Allowance for Bad Debts } & \$ 12,500 \
\hline \text { Bad Debts Expense } & \$ 14,500 \
\hline
\end{array}$$ 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:
 $$\begin{array} { | l | r | } 
\hline \text { Account Title } & \text { Account Balance } \
\hline \text { Accounts Receivable } & \$ 240,000 \
\hline \text { Allowance for Bad Debts } & \$ 12,500 \
\hline \text { Bad Debts Expense } & \$ 14,500 \
\hline
\end{array}$$ 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