HCl ==> H(+) + Cl(-) (ii) as a colourless fuming gas. The polar covalent gas Hydrogen Chloride is very soluble in Water. In aqueous solution, the molecule exists in ionic form, as the positively charged Hydrogen Ion, H(+), and the negatively charged Chloride Ion, Cl(-).
You determine that a customer who owes you $180 is never going to pay. To write off the debt, reduce both accounts receivable and the allowance by the amount of the bad debt -- $180. You now have an accounts receivable balance of $19,820 and an allowance of $120. Net accounts receivable remains the same: $19,700.hey do this by taking bad-debt expenses and performing write-offs. A bad-debt expense anticipates future losses, while a write-off is a bookkeeping maneuver that simply acknowledges that a loss has occurred.
As more and more debts are written off, the balance in the allowance account decreases. When any bad debt is recovered, two journal entries are passed. The first one reverses the write-off entry and the second one is a routine journal entry to record collection. Thus: At the end of next accounting period, bad debts are estimated again and the balance in the allowance account is adjusted. There are two commonly used methods to estimate and adjust the balance of allowance account: Percentage of Sales Method.