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1 During 2024, its first year of operations, Laminate Construction provides services on account of $150,000. By the end of 2024, cash collections on these
1 During 2024, its first year of operations, Laminate Construction provides services on account of $150,000. By the end of 2024, cash collections on these accounts total $105,000. Laminate estimates that 20% of the uncollected accounts will be uncollectible. In 2025, the company writes off uncollectible accounts of $8,100. 11.66 points Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024. 2-a. Record the write-off of accounts receivable in 2025. 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). 3-a. Assume the same facts as above but assume actual write-offs in 2025 were $12,150. Record the write-off of accounts receivable in 2025. 3-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). Skipped eBook Complete this question by entering your answers in the tabs below. References Required 1 Required 2a Required 2b Required 3a Required 3b Record the adjusting entry for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2024 Record entry Clear entry View general journal 1 During 2024, its first year of operations, Laminate Construction provides services on account of $150,000. By the end of 2024, cash collections on these accounts total $105,000. Laminate estimates that 20% of the uncollected accounts will be uncollectible. In 2025, the company writes off uncollectible accounts of $8,100. 11.66 points Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024. 2-a. Record the write-off of accounts receivable in 2025. 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). 3-a. Assume the same facts as above but assume actual write-offs in 2025 were $12,150. Record the write-off of accounts receivable in 2025. 3-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). Skipped eBook Complete this question by entering your answers in the tabs below. References Required 1 Required 2a Required 2b Required 3a Required 3b Record the write-off of accounts receivable in 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 During 2024, its first year of operations, Laminate Construction provides services on account of $150,000. By the end of 2024, cash collections on these accounts total $105,000. Laminate estimates that 20% of the uncollected accounts will be uncollectible. In 2025, the company writes off uncollectible accounts of $8,100. 11.66 points Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024. 2-a. Record the write-off of accounts receivable in 2025. 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). 3-a. Assume the same facts as above but assume actual write-offs in 2025 were $12,150. Record the write-off of accounts receivable in Skipped 2025. 3-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). eBooks Complete this question by entering your answers in the tabs below. References Required 1 Required 2a Required 2b Required 3a Required 3b Assume the same facts as above but assume actual write-offs in 2025 were $12,150. Record the write-off of accounts receivable in 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the write-off of accounts receivable in 2025. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2025 Record entry Clear entry View general journal 1 During 2024, its first year of operations, Laminate Construction provides services on account of $150,000. By the end of 2024, cash collections on these accounts total $105,000. Laminate estimates that 20% of the uncollected accounts will be uncollectible. In 2025, the company writes off uncollectible accounts of $8,100. 11.66 points Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2024. 2-a. Record the write-off of accounts receivable in 2025. 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). 3-a. Assume the same facts as above but assume actual write-offs in 2025 were $12,150. Record the write-off of accounts receivable in 2025. 3-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). Skipped eBook Complete this question by entering your answers in the tabs below. References Required 1 Required 2a Required 2b Required 3a Required 3b Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). Beginning balance in 2025 Ending balance in 2025 $ 0
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