bad_debts by fanzhongqing

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									                                                                              Balance of
                                                Balance of
                                                               Bad Debts    Allowance for
      Accounting Period          Period Sales   Accounts
                                                               Percentage      Doubtful
                                                Receivable
                                                                               Accounts
Month of April 30, 2004            100,000.00      25,000.00     10%         400.00 Credit
Month Ended April 30, 2004          50,000.00      12,000.00      4%        3,000.00 Credit
Year Ended December 31, 2004       475,000.00      90,000.00      6%        6,000.00 Debit
Month Ended April 30, 2004          26,000.00       2,000.00      2%         200.00 Credit
Six Months Ended June 30, 2004     175,000.00       9,000.00      8%         600.00 Credit
                                     Credit
                    Debit Bad
                                 Allowance for
Adjustment Method    Debts
                                    Doubtful
                    Expense
                                   Accounts
Balance Sheet         2,100.00        2,100.00 example
Income Statement
Balance Sheet
Income Statement
Balance Sheet
 Date                      Account Title and Particulars   Post. Ref.   Debit

April 30, 2004 Bad Debts Expense                                         2,100.00
                  Allowance for Bad Debts
               To adjust for bad debts expense.
Credit


 2,100.00   example

								
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