Analyzing the Allowance for Uncollectibles Cranberry Products, Ltd., reported the following account balances at January 1, 2000, and December 31, 2000, respectively:

All of Cranberry Products, Ltd., sales are made on credit. The company uses the allowance method of accounting for bad debts.

a. Prepare an analysis of the allowance for uncollectibles account for 2000. Based on the information given, what amount of accounts receivable was determined to be uncollectible in 2000 and written off?

b. Give the journal entry for:
1. Sales for 2000.
2. Recording of bad debt expense for 2000.
3. The write-off of uncollectible accounts receivable for 2000.
4. The receipt of cash from collection of accounts receivable for 2000.

c. Evaluate the adequacy of the Allowance for Uncollectibles at December 31, 2000.

d. In the event a review by management concluded that the balance in the Allowance for Uncollectibles at December 31, 2000, should be $9,300, what entry would be needed to adjust the account balances to the appropriate totals?

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January 1, December 31, Item 2000 2000 Sales $850,000 Accounts receivable $140,000 90,000 Allowance for uncollectibles 15,000 19,300 Bad debt expense 25,500