SlideShare une entreprise Scribd logo
1  sur  1
Adjusting Entries: Allowance for Doubtful accounts made on 1/1/1X was $40,000. The balance
in the allowance account on 12/31/1X after making the annual adjusting entry was $50,000 and
during 201X bad debts written off amounted to $30,000. You are to provide the missing
adjusting entry. For each journal entry write Dr. for debit and Cr. for credit
Solution
Missing adjusting entry to be Passed
DR
Allowance For
Doubtful accounts
CR
Particulares Amount($) Particulares Amount($)
Allowance for Doubtfull 40000 Bad debts written off 30000
Additional Allowance Made(Missing
Entry Balancing Fig
40000
balance in the
allowance account
50000
80000 80000

Contenu connexe

Plus de wviola

Advantages & Disadvantages of Server Applications in 150+ wordsSolutio.docx
Advantages & Disadvantages of Server Applications in 150+ wordsSolutio.docxAdvantages & Disadvantages of Server Applications in 150+ wordsSolutio.docx
Advantages & Disadvantages of Server Applications in 150+ wordsSolutio.docx
wviola
 
Do you believe that the Patriot Act was an appropriate risk response t.docx
Do you believe that the Patriot Act was an appropriate risk response t.docxDo you believe that the Patriot Act was an appropriate risk response t.docx
Do you believe that the Patriot Act was an appropriate risk response t.docx
wviola
 
Do you agree with Scott McNealy-'s statement that people have --zero p.docx
Do you agree with Scott McNealy-'s statement that people have --zero p.docxDo you agree with Scott McNealy-'s statement that people have --zero p.docx
Do you agree with Scott McNealy-'s statement that people have --zero p.docx
wviola
 

Plus de wviola (20)

Action Center activation Administrative Tools Aero applets Computer Co (1).docx
Action Center activation Administrative Tools Aero applets Computer Co (1).docxAction Center activation Administrative Tools Aero applets Computer Co (1).docx
Action Center activation Administrative Tools Aero applets Computer Co (1).docx
 
Acid lonization Constants (K-) for Some Monoprotic Weak Acids at 25 ec.docx
Acid lonization Constants (K-) for Some Monoprotic Weak Acids at 25 ec.docxAcid lonization Constants (K-) for Some Monoprotic Weak Acids at 25 ec.docx
Acid lonization Constants (K-) for Some Monoprotic Weak Acids at 25 ec.docx
 
AC 556 Accounting for Governmental & Nonprofit Entities Chapter 6Solut.docx
AC 556 Accounting for Governmental & Nonprofit Entities Chapter 6Solut.docxAC 556 Accounting for Governmental & Nonprofit Entities Chapter 6Solut.docx
AC 556 Accounting for Governmental & Nonprofit Entities Chapter 6Solut.docx
 
Accounting Which of the following is true of a corporation- OA- The st.docx
Accounting Which of the following is true of a corporation- OA- The st.docxAccounting Which of the following is true of a corporation- OA- The st.docx
Accounting Which of the following is true of a corporation- OA- The st.docx
 
AC 556 Accounting for Governmental & Nonprofit Entities Chapter 7Solut.docx
AC 556 Accounting for Governmental & Nonprofit Entities Chapter 7Solut.docxAC 556 Accounting for Governmental & Nonprofit Entities Chapter 7Solut.docx
AC 556 Accounting for Governmental & Nonprofit Entities Chapter 7Solut.docx
 
advantages and disadvantages of using centralized network management v.docx
advantages and disadvantages of using centralized network management v.docxadvantages and disadvantages of using centralized network management v.docx
advantages and disadvantages of using centralized network management v.docx
 
Advantages & Disadvantages of Server Applications in 150+ wordsSolutio.docx
Advantages & Disadvantages of Server Applications in 150+ wordsSolutio.docxAdvantages & Disadvantages of Server Applications in 150+ wordsSolutio.docx
Advantages & Disadvantages of Server Applications in 150+ wordsSolutio.docx
 
Does any one have a paper on human resource practices in countries bes.docx
Does any one have a paper on human resource practices in countries bes.docxDoes any one have a paper on human resource practices in countries bes.docx
Does any one have a paper on human resource practices in countries bes.docx
 
Do you think Facebook should operate in China even if it means complyi.docx
Do you think Facebook should operate in China even if it means complyi.docxDo you think Facebook should operate in China even if it means complyi.docx
Do you think Facebook should operate in China even if it means complyi.docx
 
Do you think contingent gains should be disclosed in the financial sta (1).docx
Do you think contingent gains should be disclosed in the financial sta (1).docxDo you think contingent gains should be disclosed in the financial sta (1).docx
Do you think contingent gains should be disclosed in the financial sta (1).docx
 
Do you think contingent gains should be disclosed in the financial sta.docx
Do you think contingent gains should be disclosed in the financial sta.docxDo you think contingent gains should be disclosed in the financial sta.docx
Do you think contingent gains should be disclosed in the financial sta.docx
 
Do you believe the double taxation of earnings which occurs at the cor.docx
Do you believe the double taxation of earnings which occurs at the cor.docxDo you believe the double taxation of earnings which occurs at the cor.docx
Do you believe the double taxation of earnings which occurs at the cor.docx
 
Do you believe that the Patriot Act was an appropriate risk response t.docx
Do you believe that the Patriot Act was an appropriate risk response t.docxDo you believe that the Patriot Act was an appropriate risk response t.docx
Do you believe that the Patriot Act was an appropriate risk response t.docx
 
Do you believe that Bernard Madoff worked alone- or do you think he ha.docx
Do you believe that Bernard Madoff worked alone- or do you think he ha.docxDo you believe that Bernard Madoff worked alone- or do you think he ha.docx
Do you believe that Bernard Madoff worked alone- or do you think he ha.docx
 
Do you agree with Scott McNealy-'s statement that people have --zero p.docx
Do you agree with Scott McNealy-'s statement that people have --zero p.docxDo you agree with Scott McNealy-'s statement that people have --zero p.docx
Do you agree with Scott McNealy-'s statement that people have --zero p.docx
 
Do the six attributes of an ideal health system capture all the major.docx
Do the six attributes of an ideal health system capture all the major.docxDo the six attributes of an ideal health system capture all the major.docx
Do the six attributes of an ideal health system capture all the major.docx
 
Do research to identify the current countries that are identified as -.docx
Do research to identify the current countries that are identified as -.docxDo research to identify the current countries that are identified as -.docx
Do research to identify the current countries that are identified as -.docx
 
Do governments and companies in developed countries have an ethical re.docx
Do governments and companies in developed countries have an ethical re.docxDo governments and companies in developed countries have an ethical re.docx
Do governments and companies in developed countries have an ethical re.docx
 
Do a literature survey to identify the first paper on 3 topics of the.docx
Do a literature survey to identify the first paper on 3 topics of the.docxDo a literature survey to identify the first paper on 3 topics of the.docx
Do a literature survey to identify the first paper on 3 topics of the.docx
 
Divide and check- T2 - 13-t - 4Solution(t2 - 13)-(t - 4) Do division-.docx
Divide and check-  T2 - 13-t - 4Solution(t2 - 13)-(t - 4) Do division-.docxDivide and check-  T2 - 13-t - 4Solution(t2 - 13)-(t - 4) Do division-.docx
Divide and check- T2 - 13-t - 4Solution(t2 - 13)-(t - 4) Do division-.docx
 

Dernier

Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
AnaAcapella
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
KarakKing
 

Dernier (20)

Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
Interdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptxInterdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptx
 

Adjusting Entries- Allowance for Doubtful accounts made on 1-1-1X was.docx

  • 1. Adjusting Entries: Allowance for Doubtful accounts made on 1/1/1X was $40,000. The balance in the allowance account on 12/31/1X after making the annual adjusting entry was $50,000 and during 201X bad debts written off amounted to $30,000. You are to provide the missing adjusting entry. For each journal entry write Dr. for debit and Cr. for credit Solution Missing adjusting entry to be Passed DR Allowance For Doubtful accounts CR Particulares Amount($) Particulares Amount($) Allowance for Doubtfull 40000 Bad debts written off 30000 Additional Allowance Made(Missing Entry Balancing Fig 40000 balance in the allowance account 50000 80000 80000