Receivables Example (Allowance Method & Bad Debt Expense)

This is an exercise that is intended to walk you through an receivables exercise where you have to estimate bad debt expense under the allowance method. A blank copy of the exercise is available by visiting http://evergreen.loyola.edu/~ktrich

Category:

Education

Tags:

• Accounting
• Accounting Practice Problems
• Accounts Receivable
• Allowance Method

[LoyolaAC201]

i need a little more detail on what you did...



[Macca4655]

Why am I wrong??

Allowance for doubtful debts

Acc Rec

(another transaction)

Bad debt exp

Allowance for bad debts

[luketheultimatefight]

I've got a test in three hours and you just explained this better than my prof. Thank you!

Also, the Seinfeld clip was perfect.

That's gold, Jerry! GOLD!

[SixersErV]

Very helpful. Thank you.

[daylembryant]

Very nice use of the Seinfeld clip!!

[janevncnt36]

thank you,this exercise helped me a lot



[janevncnt36]

thank you,his exercise helped me a lot

[iTzCree]

Omfg u made this all make sense to me.