At December 31, 2010, Braddock Company had a balance of $15,090 in the Allowance for Doubtful Accounts. During 2011, Braddock wrote off accounts totaling $12,630. One of those accounts ($1,660) was later collected. At December 31, 2011, an aging schedule indicated that the balance in the Allowance for Doubtful Accounts should be $18,850.Prepare journal entries to record the 2011 transactions of Braddock Company.
- Account/Description Debit Credit
- Allowance for doubtful accounts 12630
- Accounts receivable 12630
- Accounts receivable 1660
- Allowance for doubtful accounts 1660
- Cash 1660
- Accounts receivable 1660
- Bad debts expense