ACC 291 102-Ruth Company has been in business several years.

by | Mar 18, 2020 | Uncategorized

  

Ruth Company has been in business several years. At the end of the current year, the unadjusted trial balance shows:

Accounts Receivable $310,000 Dr.
Sales Revenue 2,200,000 Cr.
Allowance for Doubtful Accounts 5,700 Cr.

Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust the Allowance for Doubtful Accounts.

  

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