Business, 18.02.2020 05:01 brenmichelle24

Bad debts analysis-Allowance account On January 1, 2019, the balance in Kubera Co.'s Allowance for Bad Debts account was $25,160. During the year, a total of $65,700 of delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $30,440. As the result of a comprehensive analysis, it is determined that the December 31, 2019, balance of the Allowance for Bad Debts account should be $19,000. Show the adjustment required in the horizontal model or in journal entry format.

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Bad debts analysis-Allowance account On January 1, 2019, the balance in Kubera Co.'s Allowance for B...

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