On June 30th (the end of the period) Brown Company has a credit balance of $2,275 in Allowance for Doubtful Accounts. An evaluation of accounts receivable indicates that the proper balance should be $30,025. Journalize the appropriate adjusting entry.
Jun 30th Bad Debt Expense 27,750
Allowance for Doubtful Accounts 27,750

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The Answer of On June 30th (the end of the period) Brown Company has a credit balance of $2,275 in Allowance for Doubtful Accounts. An evaluation of accounts receivable indicates that the proper balance should be $30,025. Journalize the appropriate adjusting entry.
Jun 30th Bad Debt Expense 27,750
Allowance for Doubtful Accounts 27,750

On June 30th (The End of the Period) Brown Company