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5 Cards in this Set
- Front
- Back
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What is the T account for Allowance for Bad Debts
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1) CREDIT - Beginning Balance
2) DEBIT - Write off of accounts Receivable 3) CREDIT - Reverse Write-offs 4 or 5) CREDIT - Recognition of bad debt expense 4 or 5) CREDIT - Ending Balance |
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What is the T account for Accounts Receivable?
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2) CREDIT - Write off of accounts Receivable
3) DEBIT - Reverse Write-offs 3) CREDIT - Collection |
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JE to record ESTIMATE for uncollectable?
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DEBIT - Bad Debts expense
CREDIT - Allowance for bad debts |
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JE to record actual uncollectable accounts?
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DEBIT - Allow for uncollectible
CREDIT - Accounts Receivable |
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JE to record REVERSE to write offs
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DEBIT - Accounts Receivable
CREDIT - Allow for uncollectible record cash Cash ........... accounts receivable |
