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  • Kunduz Ibraeva

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    This document shows accounting journal entries made throughout 2013 related to bad debt expense and allowance for bad debts. On December 31, bad debt expense and the allowance for bad debts accounts were opened with a debit and credit of $9000 each. On the same date, income summary was debited for $9000 and bad debt expense was credited to close the expense account for the year. Throughout the year, various customer accounts receivable were written off by debiting the allowance for bad debts and crediting the customer accounts.

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    This document shows accounting journal entries made throughout 2013 related to bad debt expense and allowance for bad debts. On December 31, bad debt expense and the allowance for bad debts accounts were opened with a debit and credit of $9000 each. On the same date, income summary was debited for $9000 and bad debt expense was credited to close the expense account for the year. Throughout the year, various customer accounts receivable were written off by debiting the allowance for bad debts and crediting the customer accounts.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    13 views1 page

    Kunduz Ibraeva

    Uploaded by

    Kunduz Ibraeva
    This document shows accounting journal entries made throughout 2013 related to bad debt expense and allowance for bad debts. On December 31, bad debt expense and the allowance for bad debts accounts were opened with a debit and credit of $9000 each. On the same date, income summary was debited for $9000 and bad debt expense was credited to close the expense account for the year. Throughout the year, various customer accounts receivable were written off by debiting the allowance for bad debts and crediting the customer accounts.

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    of 1

    Date account db cr

    Dec.31 Bad debt Expense 9000


    Allowance for bad debts 9000
    Dec.31 Income summary 9000
    Bad debt Expense 9000
    2013 year
    Jan.17 Account rec. 700
    Sales revenue 700
    Jan.29 Allowance for bad debts 700
    Account rec. 700
    Aug.6 Account rec. 700
    Allowance for bad debts 700
    Aug.6 Cash 700
    Account rec. 700
    Aug.31 Allowance for bad debts 3000
    Account rec. 1600
    Account rec. 1000
    Account rec. 400
    Bad debt Expense 9200
    Allowance for bad debts 9200

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