At December 31, 2013, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts.

Question:

At December 31, 2013, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2014, Finzelberg wrote off accounts totaling $11,000. One of those accounts ($1,800) was later collected. At December 31, 2014, an indicated that the balance in Allowance for Doubtful Accounts should be $19,000.

Instructions
Prepare journal entries to record the 2014 transactions of Finzelberg Company.

Aging Schedule
Aging schedule is an accounting table that shows a company’s account receivables. It is an summarized presentation of accounts receivable into a separate time brackets that the rank received based upon the days due or the days past due. Generally...