SlideShare ist ein Scribd-Unternehmen logo
1 von 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

Weitere ähnliche Inhalte

Mehr von wviola

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).docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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).docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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 -.docxwviola
 
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.docxwviola
 
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.docxwviola
 
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-.docxwviola
 

Mehr von 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
 

Kürzlich hochgeladen

INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptxINTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptxHumphrey A Beña
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxiammrhaywood
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxAnupkumar Sharma
 
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSGRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSJoshuaGantuangco2
 
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choomENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choomnelietumpap1
 
Concurrency Control in Database Management system
Concurrency Control in Database Management systemConcurrency Control in Database Management system
Concurrency Control in Database Management systemChristalin Nelson
 
4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptxmary850239
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...JhezDiaz1
 
FILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipinoFILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipinojohnmickonozaleda
 
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptxAUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptxiammrhaywood
 
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17Celine George
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Jisc
 
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATIONTHEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATIONHumphrey A Beña
 
Karra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxKarra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxAshokKarra1
 
Science 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptxScience 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptxMaryGraceBautista27
 
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4MiaBumagat1
 
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPHow to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPCeline George
 
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdfInclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdfTechSoup
 

Kürzlich hochgeladen (20)

Raw materials used in Herbal Cosmetics.pptx
Raw materials used in Herbal Cosmetics.pptxRaw materials used in Herbal Cosmetics.pptx
Raw materials used in Herbal Cosmetics.pptx
 
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptxINTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
INTRODUCTION TO CATHOLIC CHRISTOLOGY.pptx
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
 
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSGRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
 
ENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choomENGLISH6-Q4-W3.pptxqurter our high choom
ENGLISH6-Q4-W3.pptxqurter our high choom
 
Concurrency Control in Database Management system
Concurrency Control in Database Management systemConcurrency Control in Database Management system
Concurrency Control in Database Management system
 
4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx4.18.24 Movement Legacies, Reflection, and Review.pptx
4.18.24 Movement Legacies, Reflection, and Review.pptx
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
 
FILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipinoFILIPINO PSYCHology sikolohiyang pilipino
FILIPINO PSYCHology sikolohiyang pilipino
 
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptxAUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
 
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17
Incoming and Outgoing Shipments in 3 STEPS Using Odoo 17
 
Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...Procuring digital preservation CAN be quick and painless with our new dynamic...
Procuring digital preservation CAN be quick and painless with our new dynamic...
 
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATIONTHEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
THEORIES OF ORGANIZATION-PUBLIC ADMINISTRATION
 
Karra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxKarra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptx
 
Science 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptxScience 7 Quarter 4 Module 2: Natural Resources.pptx
Science 7 Quarter 4 Module 2: Natural Resources.pptx
 
ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4ANG SEKTOR NG agrikultura.pptx QUARTER 4
ANG SEKTOR NG agrikultura.pptx QUARTER 4
 
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPHow to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERP
 
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdfInclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
Inclusivity Essentials_ Creating Accessible Websites for Nonprofits .pdf
 
YOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptx
YOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptxYOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptx
YOUVE GOT EMAIL_FINALS_EL_DORADO_2024.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