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allowance method of accounting for uncollectible receivables: and cash outflows as negative amounts. July 3 . Received $ 2 4 , 2 5 0 on

allowance method of accounting for uncollectible receivables: and cash outflows as negative amounts.

July

3 .

Received $

24, 250

on an account.

Financial Statement Effects

July.

3 .

Assets

,

Liabilities

+

July

3 .

Wrote off the remaining $

70, 190

owed on account as uncollectible.

Financial Statement Effects

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