Each December 31, Kimura Company Ages Its Accounts Receivable to Determine

question 170

Essay

Each December 31, Kimura Company ages its accounts receivable to determine the amount of its adjustment for bad debts. At the end of the current year, management estimated that $16,900 of the accounts receivable balances would be uncollectible. The Allowance for Doubtful Accounts account had a debit balance of $1,200 before any year-end adjustment for bad debts. Prepare the adjusting journal entry that Kimura Company should make on December 31, of the current year, to estimate bad debts expense.

---

Definitions:

Golf

A sport in which players use clubs to hit balls into a series of holes on a course in as few shots as possible.

International Consumers

are individuals or groups who purchase goods and services outside of their home country, influenced by global marketing and cultural preferences.

John Schnatter

The founder of Papa John's pizza chain, known for his role in the company's development and subsequent media presence.

Delivered By Scooters

The method of transporting goods or services to a destination using scooters, often seen in urban areas for efficiency.