A. The bad debt account write-offs from January through November can be determined by subtracting the November 30 balance from the total of the beginning balance and the bad debts expense recognized for the first 11 months.
Bad debt account write-offs = $13,049+ 21,427-9,897 =$24,579.
Particular Amount
1/1/19 balance
B. The adjustment required on December 31, 2019, can be determined by comparing the November 30 balance in the allowance debit account to the desired ending balance.
Bad debt expense adjustment =$9,897-$9,347 =$550
Dr. Allowance for Bad Debts $550
Cr. Bad Debts Expense $550
To adjust the allowance account to the appropriate balance, and to correct the overstatement of expenses recorded in the January through November period.
C. No Effect
The write-off will not have any effect on 2019 net income, because the write-off decreases both the accounts receivable asset and the allowance account contra-asset for equal debt account. Net income was affected when the expense was recognized.
Disclaimer:- your question is incomplete, please see below for the complete question.
a. What was the total of accounts written off during the first 11 months? (Hint: Make a T-account for the
Allowance for Bad Debts account.)
b. As the result of a comprehensive analysis, it is determined that the December 31, 2019, balance of the
Allowance for Bad Debts account should be $19,000. Show the adjustment required in the horizontal
model or in journal entry format.
c. During a conversation with the credit manager, one of Tabor’s sales representatives learns that a $2,460 receivable from a bankrupt customer has not been written off but was considered in the determination of the appropriate year-end balance of the Allowance for Bad Debts accounts balance. Write a brief explanation to the sales representative explaining the effect that the write-off of this account receivable would have had on 2019 net income.
Learn more about debt account here:-https://brainly.com/question/1957305
#SPJ4
