Professional Documents
Culture Documents
Adjustment
2
3
4
5
6
Required allowance
Adjusting entry:
1
2
3
Bad debts
Credit sales
Accts Rec, 12.31
% of BD over AR
2014
2015
2016
2014+2015
Flores Corpora
Analysis of Changes in Allow fo
For the year ended Dece
Visayas Comp
Accounts Recei
As of December 3
Balance, 12.31.14
Sales on Account
Collections(1)
(200.00)
(1,000.00) (1,000.00) (1,000.00)
2,000.00 2,000.00 2,000.00
500.00 500.00 500.00
1,440.00
DA expense 324.00
Alowance for DA 324.00
Allowance for DA 200
A/R 200.00
Allowance for DA 1,000.00
A/R 1,000.00
A/R 2,000.00
Advances from customer 2,000.00
A/R 500.00
A/P 500.00
A/R (Per GL) 1,440.00
Sales 1,440.00
Flores Corporation
Analysis of Changes in Allow for Doubtful Accounts
For the year ended December 31, 2015
Visayas Company
Accounts Receivable
As of December 31, 2015
546,400
2,622,832
with discount 2,050,859
without discount 848,118 (2,898,977)
writtend off (18,700)
mo issued for returned sales and allow (37,000)
214,555
2,857,960