Harris Computer Store has credit sales of $444,000 in 2024 and a debit balance of...

70.2K

Verified Solution

Question

Accounting

Harris Computer Store has credit sales of $444,000 in 2024 and a debit balance of $600 in the Allowance for Doubtful Accounts at year-end. As of December 31,2024, $102,000 of accounts receivable remains uncollected. The credit manager of Harris prepared an aging schedule of accounts receivable and estimates that $8,600 will prove to be uncollectible.
On March 4,2025 the credit manager authorizes a write-off of the $1,900 balance owed by J. Mark.
(a)
Your answer is partially correct.
Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2024.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Bad Debt Expense
Allowance for Doubtful Accounts
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students