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47 following selected information Marredo 100 Pation The Fortune Company uses allowance method to recognize uncollectible accounts expense. It provides you the Accounts receivable on

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47 following selected information Marredo 100 Pation The Fortune Company uses allowance method to recognize uncollectible accounts expense. It provides you the Accounts receivable on December 31, 2017: RO380000 Required balance in Allowance for Doubtful Accounts account on December 31, 2017 R03000 Existing balance in Allowance for Doubtful Accounts account on December 31, 2017: RO2500 The journal entry to recognize uncollectible accounts expense on December 31, 2017 18 O Dr Uncollectible Accounts Expense 2000 8 C Allowance for Doubtful Accounts 3,000 Ob Dr Uncollectible Accounts Expense 500 & C Allowance for Doubtful Accounts 500 Oc Dr. Accounts Receivable 2500 C Allowance for Uncollectible Accounts Expense 2500 Od Dr. Accounts Receivable 2500 Uncollectible Accounts Expense 2500

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