[2] The ledger of Garcia Company at the end of the current year shows
Accounts Receivable $96,000; Credit Sales $780,000; and Sales Returns and
Allowances $40,000.
Instructions
(a)
If Garcia uses the direct write‐off method to account for uncollectible
accounts, journalize the adjusting entry at December 31, assuming Garcia
determines that Allied’s $900 balance is uncollectible.
(b)
If Allowance for Doubtful Accounts has a credit balance of $1,100 in the
trial balance, journalize the adjusting entry at December 31, assuming bad
debts are expected to be 10% of accounts receivable.
ans
(a)
Bad Debt Exp. 900
A/R ‐ Allied 900
(b)
Bad Debt Exp. 8,500
Allowance for doubtful accounts 8,500
第二题为什么不用应收帐款先减去销货退回和折让再去计算?

应收帐款和销货退回还有折让没有关系，要扣掉销货退回和折让的是销货收入

为什么应收帐款要减销货退回及折让？