June 4 The account balance of customer Buster Jenkins ($1,019.00) has proven to
ID: 2558407 • Letter: J
Question
June 4 The account balance of customer Buster Jenkins ($1,019.00) has proven to be uncollectible and is to be written off. Use the allowance method for all bad debt write-offs.
Journalize the appropriate transaction based off of the given information.
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June 4 The account balance of customer Buster Jenkins ($1,019.00) has proven to be uncollectible and is to be written off. Use the allowance method for all bad debt write-offs.
Journalize the appropriate transaction based off of the given information.
********************************************************** The account balance of customer Buster Jenkins ($1,019.00) has proven to be uncollectible and is to be written off. Use the allowance method for all bad debt write-offs.
Journalize the appropriate transaction based off of the given information.
**********************************************************
Explanation / Answer
Answer:
Allowance method of writeoff
Bad Debts a/c Dr. 1019
To Allowance for doubtful debts 1019