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Question :

On 1^st January, 2013, the balance in Kubera Co's Allowance for Bad Debts account was 1,300. Through the year, a total of $3615 of delinquent accounts receivable was written off as bad debts. The balance in the Allowance for Bad Debts account at 31^st December, 2013 was 1,420.

Required:

A. what was the net amount of bad debts expense recognized through the year?

B. As a result of a comprehensive analysis, it is evaluated that the December 31, 2013, balance of Allowances for Bad Debts should be 4,330. Show the adjustment required in journal entry format

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9719207

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