Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 9 (allowance method ((end of the year) Dr. bad debts…
Chapter 9
allowance method
(end of the year) Dr. bad debts expense Cr. Allowance of doubtful account
Identity the receivable cannot return Dr. ADA Cr. A/R
receive the A/R: Dr. A/R Cr. ADA Dr. cash Cr. A/R
Equity=A/R- ADA
credit card sale
later receive cash
Dr. A/R credit card fee Cr.sales
immediately receive cash
Dr. cash credit card fee Dr. sales
Estimated ADA
percentage of sales method
A/R method
percentage of A/R
Aging of A/R
Unadjusted balance → Final
disposal A/R
Pledge； Dr, cash Cr. Note payable
Sell to factor: Dr. cash factoring fee Dr. A/R
identify A/R
Dr. A/R Cr.sales
direct write-off method
Dr. bad debts expense Cr. A/R
If the A/R can receive
Dr. A/R Cr. bad debts expense Dr. cash Cr. A/R
Note payable
(year360)
Dr. cash Note receivable Cr. A/R
not receive: Dr. A/R Cr. Note receivable interest revenue
Receive: Dr. cash Cr. Note receivable interest revenue
Dr. Interest receivable Cr. Interest revenue
uncollectible accounts:bad debts