[Givemesleep]

Wiley Question –

There are two sims for current assets/current liability section.

The top half I got correct, the second sim asks for the journal

Entry to record the b/d expense. I swear I got it right but it says. I am wrong.

Is this sim an error? The only thing I can think of is I didn’t put an explanation for the adjustment?

Reg 11/15/2011 - 80
Aud 02/28/2012 - 81
Bec 05/31/2012 - 78
Far 08/31/2012 - 83 Do you believe in Miracles, YES !!!

CPA License received 10/2012 !!
CFE License received 04/2013 !!
EA License received

Givemesleep

[evancole]

Are you saying the J/E you did was correct and the answer showed the same thing, but said you were wrong, or that the answer is wrong. I was just actually working on that section and didn't run into any problems, unless I did something wrong…

For the J/E, it should be:

DR: Bad Debt Expense 72,060

CR: Allowance 72,060

[Author]

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