Interstate Marble Importers had the following balances at December 31, 2007 , before the year-end adjustments:

The aging of accounts receivable yields these data:

1. Journalize Interstate's entry to adjust the allowance account to its correct balance at I)ecember 31, 2007.

2. Prepare a T-account to compute the ending balance of Allowance for Uncollectible Accounts.

Transcribed Image Text:

Accounts Receivable 74,000 Allowance for Uncollectible Accounts 2,000