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6.- 7.- At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 6 1. Accounts not yet
6.-
At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 6 1. Accounts not yet cue = $75,000, estimated uncollectible - 3%. 2. Accounts 1-30 days past due $34.000, estimated uncollectible 15% 3. Accounts more than 30 days past due = $5,000, estimated uncollectible = 60% Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts Is $1,900 (debt). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction lit Journal entry worksheet MC 7 A company has the following balances on December 31, 2021, before any year-end adjustments Accounts Receivable - $33.000, Allowance for Uncollectible Accounts - $1600 (credin. The company estimates uncollectible accounts based on an aging of accounts receivable as shown below A Group Not yet du 2 - 30 days past dve 31-90 days past due More than a days past due Total Estimated Amount Percent Receivable collectista 550.000 SN 18.000 15% 12.000 Sex 3,000 25 53,000 Record the adjustment for uncollectible accounts on December 31, 2021. (if no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) View transaction ist Journal entry worksheet 1 Record the adjustment for uncollectible accounts. Note Enter debitor credit Debit Credit General Journal Date Dec 31, 2021 At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 6 1. Accounts not yet cue = $75,000, estimated uncollectible - 3%. 2. Accounts 1-30 days past due $34.000, estimated uncollectible 15% 3. Accounts more than 30 days past due = $5,000, estimated uncollectible = 60% Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts Is $1,900 (debt). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction lit Journal entry worksheet MC 7 A company has the following balances on December 31, 2021, before any year-end adjustments Accounts Receivable - $33.000, Allowance for Uncollectible Accounts - $1600 (credin. The company estimates uncollectible accounts based on an aging of accounts receivable as shown below A Group Not yet du 2 - 30 days past dve 31-90 days past due More than a days past due Total Estimated Amount Percent Receivable collectista 550.000 SN 18.000 15% 12.000 Sex 3,000 25 53,000 Record the adjustment for uncollectible accounts on December 31, 2021. (if no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) View transaction ist Journal entry worksheet 1 Record the adjustment for uncollectible accounts. Note Enter debitor credit Debit Credit General Journal Date Dec 31, 2021 7.-
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