..... Balance needed ..................................................................... Adjustment required .............................................................. $ 8,000 22,000 $14,000 The journal entry would therefore be as follows: Bad Debt Expense............................................. Allowance for Doubtful Accounts ............ (d) 14,000 14,000 $2,555,000 $2,600,000 – $45,000 = = 6.74 times $379, 000 ($523,000 + $235,000) ÷ 2 Copyright © 2013 John Wiley & Sons, Inc.…
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