7. Receivables and Investments
Net Accounts Receivable: Aging of Receivables Method
Open Question
Open QuestionA company has gross accounts receivable totaling $150,000. The company uses the aging-of-receivables method to estimate the allowance for doubtful accounts. The company estimates that the amount of uncollectible receivables will be $3,600. Currently, the allowance for doubtful accounts has a debit balance of $800. What is the journal entry to record this year's bad debt expense?
![](/channels/images/assetPage/verifiedSolution.png)
Video duration:
3mPlay a video:
67
views
8
rank
Was this helpful?
Related Videos
Related Practice