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  • Acco 4.2

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    KMDOS
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    This document shows accounting entries for bad debt expenses and allowance for doubtful accounts using the direct write-off and allowance methods. Under the direct write-off method, bad debt expenses are debited and individual accounts receivable are credited when debts are written off. Under the allowance method, the allowance for doubtful accounts is debited and individual accounts receivable are credited. The document also includes an aged balance of accounts receivable, calculation of expected credit losses, and adjustment to increase the allowance account.

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    acco 4.2

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    This document shows accounting entries for bad debt expenses and allowance for doubtful accounts using the direct write-off and allowance methods. Under the direct write-off method, bad debt expenses are debited and individual accounts receivable are credited when debts are written off. Under the allowance method, the allowance for doubtful accounts is debited and individual accounts receivable are credited. The document also includes an aged balance of accounts receivable, calculation of expected credit losses, and adjustment to increase the allowance account.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views6 pages

    Acco 4.2

    Uploaded by

    KMDOS
    This document shows accounting entries for bad debt expenses and allowance for doubtful accounts using the direct write-off and allowance methods. Under the direct write-off method, bad debt expenses are debited and individual accounts receivable are credited when debts are written off. Under the allowance method, the allowance for doubtful accounts is debited and individual accounts receivable are credited. The document also includes an aged balance of accounts receivable, calculation of expected credit losses, and adjustment to increase the allowance account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 6

    Cancelacion directa

    Fecha Cuentas Debito Credito

    31-Dec Bad Debt expenses 52,000.00


    Accounts receivable: Tech Master 52,000.00

    Metodo de concesion
    Fecha Cuentas Debito Credito
    31-Dec Allowance for Doubful Accounts 52,000.00
    Accounts Recivable: Tech Master 52,000.00

    Cancelacion directa
    Fecha Cuentas Debito Credito
    10-Apr Bad Debt expenses 6,400.00
    Accounts receivable: Mario Guzman 6,400.00
    Metodo de concesion
    Fecha Cuentas Debito Credito
    10-Apr Allowance for Doubful Accounts 21,600.00
    Accounts Recivable: Mario Guzman 21,600.00

    Cancelacion directa
    Fecha Cuentas Debito Credito
    12-Jun Cash 1,500.00
    Bad Debt expenses 8,500.00
    Accounts receivable: Margarita Rodriguez 10,000.00
    Metodo de concesion
    Fecha Cuentas Debito Credito
    12-Jun Cash 1,500.00
    Allowance for Doubful Accounts 8,500.00
    Accounts receivable: Margarita Rodriguez 10,000.00

    Cancelacion directa
    Fecha Cuentas Debito Credito
    20-Aug Accounts receivable: Mario Guzman 6,400.00
    Bad Debt expenses 6400

    20-Aug Cash 6,400.00


    Accounts receivable: Mario Guzman 6,400.00

    Metodo de concesion
    Fecha Cuentas Debito Credit0
    20-Aug Accounts Recivable: Mario Guzman 6,400.00
    Allowance for Doubful Accounts 6,400.00

    20-Aug Cash 6,400.00


    Accounts receivable: Mario Guzman 6,400.00

    Cancelacion directa
    Fecha Cuentas Debito Credito
    31-Dec Bad Debt expenses 18,970.00
    Accounts receivable: Ricardo Vega 3,200.00
    Accounts receivable: Mariela Gutierrez 2,440.00
    Accounts receivable: Manuel Rosario 6,200.00
    Accounts receivable: Jorge Camacho 1,800.00
    Accounts receivable: Linda Ocasio 5,330.00

    Metodo de concesion
    Fecha Cuentas Debito Credit0
    31-Dec Allowance for Doubful Accounts 18,970.00
    Accounts receivable: Ricardo Vega 3,200.00
    Accounts receivable: Mariela Gutierrez 2,440.00
    Accounts receivable: Manuel Rosario 6,200.00
    Accounts receivable: Jorge Camacho 1,800.00
    Accounts receivable: Linda Ocasio 5,330.00

    Concesion de cuentas incobrables


    Fecha Cuentas Debito Credit0
    1-Jan Allowance for Doubful Accounts
    10-Apr Accounts receivable: Ricardo Vega 3,200.00
    12-Jun Accounts receivable: Mariela Gutierrez 2,440.00
    20-Aug Accounts receivable: Manuel Rosario 6,200.00
    31-Dec Accounts receivable: Jorge Camacho 1,800.00
    31-Dec Accounts receivable: Linda Ocasio 5,330.00
    Ageing

    0-30 días
    31-60 días
    61-90 días
    91- 120 días

    Más de 120 días


    Total de cuentas por cobrar

    Balance en Concesion por cuenta incobrables


    Concesion por cuenta incobrables requerida
    Ajuste necesario

    Entrada de ajuste
    Fecha
    31-Dec
    Aged
    % Bad debts Allowance
    balance
    120,000.00 1% 1,200.00
    80,100.00 2% 1,602.00
    21,000.00 11% 2,310.00
    9,000.00 23% 2,070.00

    15,300.00 65% 9,945.00


    245,400.00 17,127.00

    uenta incobrables - 530.00


    ables requerida 17,127.00
    17,657.00

    Cuentas Debito Credito


    Bad Debt expenses 17,657.00
    Allowance for Doubful Accounts 17,657.00
    Concesion de cuentas incobrables

    Fecha Debito Credito Balance


    1-Jan 28,000.00
    10-Apr 6,400.00 21,600.00

    12-Jun 8,500.00 13,100.00


    12-Jun 10,000.00 3,100.00
    20-Aug 6,400.00 9,500.00
    31-Dec 18,970.00 - 9,470.00

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