2013年10月28日星期一

Accounting problem help?

  • account receivable balance
  • accounts receivable financing
  • nova community college
On December 31, 2011, when its Allowance for Doubtful Accounts had a debit balance of $1,900, Nova Co. estimates that 11% of its accounts receivable balance of $94,500 will become uncollectible and records the necessary adjustment to the Allowance for Doubtful Accounts.

2. On May 11, 2012, Nova Co. determined that J. Rast’s account was uncollectible and wrote off $1,600.

3. On June 12, 2012, Rast paid the amount previously written off.


Prepare the journal entries on December 31, 2011, May 11, 2012, and June 12, 2012.

Accounting problem help?

没有评论:

发表评论