What was the total amount of bad debts expense

Reference no: EM13134223

On January 1, 2011, the balance in Great Lakes Co.'s Allowance for Bad Debts account was $5,200. During the year, a total of $3,500 of delinquent accounts receivable were written off as bad debts. The balance in the Allowance for Bad Debts account at December 31, 2011, was $7,300.

(a.) What was the total amount of bad debts expense recognized during the year?

(b.) As a result of a comprehensive analysis, it is determined that the December 31, 2011 balance of Allowance for Bad Debts should be $6,300. Show, in general journal format the adjustment required.

Reference no: EM13134223

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