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Estimation of Doubtful Account Expense
Estimation of Doubtful Account Expense
Estimation of Doubtful Account Expense
00
50000
1,150,000.00
Formula of ADA
Accounts Receivable
Allowance for Doubtful Accounts (Required)
Net Realizable Value of A/R
Sales
Credit Sales Cash Sales Total Sales
10,000,000.00 1,000,000.00 11,000,000.00
20,000.00
- 30,000.00
- 10,000.00
Doubtful Accounts
Require Allowance
Allowance for Doubtful Accounts
Doubtful Account Expense
Doubtful Expense before Adjustments
Adjustments
20,000.00
Allowance for Doubtful Accounts 20,000.00
30,000.00
Doubtful Accounts 20,000.00
Miscellaneous Income 10,000.00
40,000.00
- 20,000.00
60,000.00