Please answer, will rate! thanks Exercise 4-Understanding bad-debt disclosure in
ID: 2540207 • Letter: P
Question
Please answer, will rate! thanks
Exercise 4-Understanding bad-debt disclosure in financial reports: Below is the disclosure on the allowance for doubtful accounts for Maya Inc. for the years 2015-2017: Year Beginning balanceAdditions Write-offsEnding balance of the allowance for doubtful accounts $226 232 243 of the allowance for(charges) to doubtful accounts expens $215 $62 2015 2016 2017 94 105 232 94 Required: Provide all the journal entries related to the allowance for doubtful accounts that Mava Inc. recorded in 2017. 1. 2. Provide the missing values marked with? in the table.Explanation / Answer
a) Journal entry :
Calculate missing amount :
Date accounts & explanation debit Credit Bad debt expense 105 Allowance for doubtful accounts 105 Allowance for doubtful accounts 94 Account receivable 94