The year-end adjusting entry for bad-debts expense


Indy and Hobby's sport for doubtful Accounts had an unadjusted credit balance of $400. The manager estimates that $900 of the accounts receivable is uncollected. Using the balance sheet approach, the year-end adjusting entry for Bad-Debts expense includes

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Accounting Basics: The year-end adjusting entry for bad-debts expense
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