On January 1, Wei company begins the accounting period with a $48,000 credit balance in Allowance for Doubtful Accounts.
General Journal | Debit | Credit | |
Feb 01 | Allowance for doubtful accounts | 10400 | |
Accounts receivable—Oakley Co. | 2700 | ||
Accounts receivable—Brookes Co. | 7700 | ||
June 5 | Accounts receivable—Oakley Co. | 2700 | |
Allowance for doubtful accounts | 2700 | ||
June 5 | Cash | 2700 | |
Accounts receivable—Oakley Co. | 2700 |
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