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Compute what balance in the allowance for bad debts at year

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Reference no: EM132772920

Zebby's Delightful Designs has the following normal account balances at year end:

Sales Revenue $200,000
Accounts Receivable 23,000
Allowance for Bad Debts 1,000

The accounts receivable manager estimates that 5% of the accounts receivable at year end are uncollectible.

Problem 1: The balance in the Allowance for Bad Debts at year end needs to be therefore the amount of the adjusting entry is

Reference no: EM132772920

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