question dr cr prepare the journal entry to record bad debt expense assuming riverbe 4285789

Question

Dr.

Cr.

Prepare the journal entry to record bad debt expense assuming Riverbed Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1,390 debit balance. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

a) bad debt expense __________ Blank

Allowance for Doubtful Accounts Blank ______________

b) bad debt expense __________ Blank

Allowance for Doubtful Accounts Blank ______________