(1) In 2007, an enterprise began to use the allowance method to calculate bad debt losses. The year-end balance of accounts receivable is 654.38+million yuan. If the estimated bad debt reserve ratio is 5‰ of the balance of accounts receivable, the accounting treatment of bad debt reserve at the end of 2007 is as follows:
The provision for bad debts to be accrued is: 1000╳ = 5%=50 (ten thousand yuan).
The accounting entries are as follows:
The latest accounting standards
Debit: asset impairment loss of 500,000 yuan.
Loan: 500,000 yuan for bad debts.
(2) Further, if the bad debts of enterprises in 2008 were 654.38+10,000 yuan, the balance of accounts receivable at the end of the year would still be1100,000 yuan. So:
(1) The accounting entries when offsetting accounts receivable are:
Debit: accounts payable 1000000
Loan: bank deposit 10000000.
② When drawing bad debt reserve:
Debit: asset impairment loss 100000.
Loan: bad debt reserve 100000
The credit balance of bad debt reserve at the end of 2008 should be 50+ 10= 60 (ten thousand yuan).
The provision for bad debts at the end of 2008 should be = 60*5%= 12 (ten thousand yuan).
The accounting entries are as follows:
Debit: asset impairment loss 120000.
Loan: bad debt reserve 120000
③ If there are no bad debts in 2008 and the balance of accounts receivable at the end of the year is still 6,543,800,000 yuan, there is no need to make provision. If the year-end balance of accounts receivable is 6.5438+0.500 million yuan, it needs to be supplemented by 654.38+0.500 ╳ 5% = 75 (ten thousand yuan).
The accounting entries are as follows:
Debit: Asset impairment loss of 750,000.
Loan: provision for bad debts is 750,000 yuan.
(4) If the year-end balance of accounts receivable is 5 million yuan and the normal credit balance of bad debt provision is 25,000 yuan (500х5‰), the bad debt provision should be reduced by 25,000 yuan.
The accounting entries are as follows:
Debit: bad debt reserve is 25,000 yuan.
Loan: Asset impairment loss of 25,000.
(3) After practice (2), if the enterprise receives the bad debts written off in the previous year and deposits them in the bank on March 20, 2009, the accounting entries are as follows:
① Debit: accounts receivable 100000.
Loan: bad debt reserve 100000
② Debit: bank deposit 100000.
Credit: accounts receivable 100000
To be clear, my friend downstairs, my answer is not wrong. Please refer to the intermediate financial accounting carefully. It is clearly pointed out that bad debt reserve should be reduced, that is, bad debt reserve should be withdrawn from the normal credit balance at the end of the year. This is the first point. 2. ① Accounting entries when writing off accounts receivable, the title is clearly writing off bad debt provision, please read the title carefully. Three,
The credit balance of bad debt reserve at the end of 2008 should be 50+ 10= 60 (ten thousand yuan).
The provision for bad debts at the end of 2008 should be = 60*5%= 12 (ten thousand yuan).
This is the calculation formula. Please refer to the textbook yourself. I don't know what to say.
Four,
At the end of the year, it is still 1000╳ = 5%0=50W, which just makes up for the gap left by the bad debts just written off.
So just mention 10W.
Debit: asset impairment loss 100000.
Loan: bad debt reserve 100000
That's what you think, right? Would you please look at the formula?
The provision for bad debts to be accrued is: 1000╳ = 5%=50 (ten thousand yuan).
The accounting entries are as follows:
The latest accounting standards
Debit: asset impairment loss of 500,000 yuan.
Loan: 500,000 yuan for bad debts.