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Sagot :
The question is not specified but most probably requires the calculation and recording of the Bad debt expense for the month.
The relevant journal entry is:
Date Account Title Debit Credit
Dec. 31 Bad debt expense $24,300
Allowance for Uncollectible Accounts $24,300
Uncollectible account = 20% of Accounts receivable
= 20% x 111,000
= $22,200
Bad debt expense = Uncollectible accounts + Allowance for Uncollectible Accounts
= 22,200 + 2,100
= $24,300
As an expense, bad debts will be debited to an expense account to show it is increasing. The Allowance account will be credited as a liability account.
Find out more at https://brainly.com/question/15347431.
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