In-Class Question 2 Hirdt Co. uses the percentage-of-receivables basis to record bad debt...
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InClass Question Hirdt Co uses the percentageofreceivables basis to record bad debt expense and concludes that of accounts receivable will become uncollectible. Accounts receivable are $ at the end of the year, and the allowance for doubtful accounts has a credit balance of $ Instructions a Prepare the adjusting journal entry to record bad debt expense for the year. b If the allowance for doubtful accounts had a debit balance of $ instead of a credit balance of $ prepare the adjusting journal entry for bad debt expense. 
InClass Question
Hirdt Co uses the percentageofreceivables basis to record bad debt expense and concludes that of accounts receivable will become uncollectible. Accounts receivable are $ at the end of the year, and the allowance for doubtful accounts has a credit balance of $
Instructions
a Prepare the adjusting journal entry to record bad debt expense for the year.
b If the allowance for doubtful accounts had a debit balance of $ instead of a credit balance of $ prepare the adjusting journal entry for bad debt expense.
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