Calculating Bad Debt Expense and Allowance for Doubtful Accounts
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- เผยแพร่เมื่อ 26 ต.ค. 2013
- This video highlights the calculations for Bad Debt Expense and Allowance for Doubtful Accounts using the Income Statement Method (Percentage of Sales) and a Balance Sheet Method (Percentage of Accounts Receivable. T-accounts are used to show the effect of each calculation on Allowance for Doubtful Accounts. Examples are given for both a debit and credit starting balance in Allowance for Doubtful Accounts.
Check out my bad debt and allowance for doubtful accounts study guide: accountinginfocus.mykajabi.co...
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Stephen Ngo Thank you so much! It really helps to know that people are enjoying the videos and finding them helpful!
@@allkristiningram These videos still helps alot few years later!!
Thanks Matthew!
6 years later, at 2:30am, exam the morning, just want to say thank your soul!!!
You're welcome! I hope your exam went well!
This video is great! I’m studying for an accounting exam and you made clear all my doubts about this two methods. Thanks a lot for sharing! 😁
Can't even tell you how much I appreciated this video as well as the previous! More helpful than my professor!!! Thank you
You're very welcome! Good luck with your class.
I've spoken with 2 different professors and didn't get the % of Receivables when there is a DR balance. I watched your 17 minute video and I get it!! Thank you so much. I really appreciate it. My homework is going to be a breeze and I'm not stressing this weeks quiz. Priceless!!
Angie Linza I'm so glad you understand it now! Good luck with your quiz. Thanks for commenting!
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I'm so glad you found it helpful.
I saw this video again for revising a concept for CFA and every time I'll see this, I'll drop in a thank you!
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Thank you for clear instruction. This is very helpful. I was struggling with balance sheet method for calculating bad debt expense, and this helps.
This video was so helpful. You broke everything down and went step by step making it easy to understand. Thanks!!!
You're welcome! Glad it was helpful.
One of the best videos out there. I have been confused for a month and this videos cleared all my confusion!
I'm so glad I could help! Thanks for commenting.
I've been struggling with this topic for a couple of weeks - my instructor has been calling the methods Sales and Receivables and I was so so lost. This video has helped a lot. Thank you!
You're welcome! So glad I could help!
Appreciate this. Most explanations focus on the mechanics, but your videos put more effort into understanding and how the accounts and process work.
Thank you for your comment. I want students to really understand the material, not just memorize for a test.
The colour separation really helped me understand the bigger picture of this concept. Thank you so much 🙏🏼
You’re welcome 😊 Glad it was helpful!
Kristin, I'm so happy that I found you...thank you so much for this video...
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Dang!! I've been studying and trying to understand this for 2 weeks. I watched this video and the one before this one and I totally get it now. Thank you so much. I really appreciate it.
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+SLA PapJewelry So glad I could help! Thanks for commenting!
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Glad it was helpful! Best of luck!
Thank you so much for your videos and clear explanations Kristin, they are the most helpful ones that I have seen!
hcabrera28 I am so glad you found my videos helpful. Thank you for commenting.
i am glad i watched your videos on A/R. simple and well thought out explanations, anybody can understand. i read some comments about other professors or instructors. its all about how you explain it.
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Thank you for the way you explain this adjusting entries 🙌🏼
Glad it was helpful!
I love this. I have discussed this with my professor a hundred times and could never understand the placement in the t-accounts
+Khadijah Smith I'm so glad I could help you with this difficult topic.
thank you so much! Ive learned more in this one video than I have all semester 🙌🏽
Your welcome! I'm so glad!
So good and clear~ it is nice to provide an example and tell us the difference between these two method. And now I have got how to make the statements. Thank u so much !
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Thank you!! Your video made this theory click in my brain. I appreciate this video so much!
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The best video on this topic out there!
Glad it was helpful!
This is the best explanation I've seen. Thanks!
+Sarah Kenney you're welcome. Thanks for the compliment!
This example is amazing. Thank very much :) I was looking for that last part for three days. The Allowance account with debit balance. of $9,000 :)
my textbook did a horrible job of explaining this, thank you so much for clearing it up for me!! (I'm a BS in accounting student.)
You're very welcome! I'm glad it helped.
Okay, I know this is a 2013 video but I wanted you to know that here in 2019, you saved me. Read the entire chapter, practiced the exercises with the solutions manual, and I still didn't get it. They didn't explain the reasoning for the calculations. You were able to break the mental blockage I had, I finally get it now, thank you so much.
You are most welcome. Luckily, accounting is timeless.
Thank you so much! The part that I was confused over got resolved thanks to your lecture!
Your welcome! Glad it helped!
Thank you for this great example! Made it very clear and easy to follow.
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God bless you and your comforting voice
+ILikeHouseMusik Thank you. I'm so glad you found the video helpful!
literal life saver an easy concept such as the t chart was giving me so much trouble . until i watched this video thank you so much
You're welcome. Glad I could help!
My first time on this channel as I was looking for help to understand this complicated topic. Thank you for the amazing explanation!
You're welcome! Glad it was helpful!
Kristin! I am studying for the CMA you are amazing! Thanks so much I am so glad I found you!
Jennifer Nabor Thanks so much for your comment! I'm glad you found the videos helpful. Good luck with the CMA!
You are awesome . Explained beautifully . I got a good grade from just your videos . Thanks !
Thank you! So proud of you for working hard and getting a good grade. Glad I could help.
Very easy and straight forward teaching. I like it.
Thanks! Glad you enjoyed it.
Your explanation is great. I am so thankful for your generosity to offer your time and knowledge and talent as a present to those who need help to understand. thnak you.
You are so welcome! Thank you!
thank you a looot!!! i will watch all your videos right now, bcz its so clear to me !! youre great !
You're welcome. Thanks for watching!
The video helped me to have a better understanding of this topic. Thanks!
You're welcome! Glad I could help!
Best Lecture for Bad Debt Expenses adjust. Thanks for your Perfect lecture.
Thank you for the very nice comment. I'm so glad I was able to help you understand the topic better.
You explained that so perfectly!! Thank you!
You're so welcome!
Thank you, breaking it up into balance sheet and income statement is helpful! I have a test coming up wish me luck
Best of luck!
Thank You I will ease the test tomorrow of this video.
Thank you Kristin.Your method has helped me a lot. Greetings from Papua New Guinea
You're welcome. Glad I could help!
You made this very easy to understand!
I'm so glad I could help. Thanks for commenting!
Your ability to teach is freakishly good..
Thank you!
Excellent explanation. Your explanations are very relatable. Thank you Kristin
Glad it was helpful! Your so welcome.
amazing, this made so much sense to me and I have my final on Wednesday :) thank you so much!
You're welcome. Good luck!
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+Michael Geary Glad you found the video helpful! Thanks for commenting!
Thank you Kristin i really enjoyed with your method .
please keep going
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Thank you for this video! Now I will pass my test for sure :D
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soooooooooo Helpful! I have a final tmr and was stressing about this issue.
+Ardalan Aziznia glad I could help. Good luck with your final and thanks for leaving a comment. I appreciate it.
very easy-understand explanation, thank you very much
Glad it was helpful!
This video was very helpful in your class. Thank you.
+Adrienne Brown You're welcome. Thanks for commenting!
Thank you Kristin! this helps me alot!
I'm so glad!
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Helpful and strongly recommend this
Thank you!
Thank you so so much.. I had been struggling to understand this since ages and always ended up skipping this in my exams, not anymore!
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Excellent teacher! Thank you.
Yasmin Sanchez Thank you and you're welcome!
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Thank you very much for this, I was only able to understand it after your explanation thank you so much.
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this helped me so much. I thank you miss.
theaeroz22 You're welcome. So glad you found the video helpful!
Thank You. understood the concept easily
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I'm so glad! Thanks for commenting!
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Thank you Kristen for the helpful video :)
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great job explaining
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you’re saving me from failing my accounting test soon 🥺 THANK YOU!!!
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thank you so much for sharing us your knowledge, like really the way you discuss it was so easy to understand, thank you thank you so much... btw I'm a student 😊
Mary, I'm so glad I could help you! Thanks for commenting.
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Thank you so much I knew a lot
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+Chris Allen You're welcome. Thanks for commenting!
Thank you again for your time and explaining Bad Debt Expense and Allowance for Doubtful Accounts. It is appreciated more than you know. I have one question, if a customer paid their account and the customers account has been written off, how do we make the adjustment? Thank you again for your help.
+Melissa Latulippe If the customer pays a balance that is written off, reverse the entry you made to write off the account. Essentially, you need to restore the account balance before accepting the customer payment. Debit Accounts Receivable and Credit Allowance for Uncollectible Accounts.
+Melissa Latulippe You can see an example here: accountinginfocus.com/financial-accounting/accounts-receivable/direct-write-off-and-allowance-methods-for-dealing-with-bad-debt/
Thank you!
Megren Abdulaziz You're welcome! Glad I could help!