If you wrote off accounts of $15,000 by Debiting Bad Debts expense and Crediting A/R then realized uncollectible accounts would total $21,000 at year end. What would the Journal Entries be?
by 
orange nation
ANSWERS: 1
-
Since you have already written off A/R to the extent of $15,000 to Bad Debts in the P/L account the amount realised should be shown as income in the P/L account. Cash Dr. $21,000 to Bad Debts realised Cr. $21,000
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC