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(b) Prepare theyear-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance
(b) Prepare theyear-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Alowance for Doubtful Accounts is a $7,500 debit. (c) Of the above accounts, $4,500 is determined to be specifically uncollectible. Prepare the journal enitry to write off the uncollectible account. (d) The company collects $4,500 subsequently on specific account that had previously been determined to be uncollectible in fc). Prepare the journal entries necessary to restore the account and record the cash collection. (Credit account tites are outomatically indented when amount is entered. Do not indent manuolly) No. Account Titles and Explanation Debit Credit (b) (c) (d) (Toreverse write-off.) (d) (Toreverse write-off.) (Torecord collection of write off.) eTextbook and Media List of Accounts (b) Prepare theyear-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assume the unadjusted balance in Alowance for Doubtful Accounts is a $7,500 debit. (c) Of the above accounts, $4,500 is determined to be specifically uncollectible. Prepare the journal enitry to write off the uncollectible account. (d) The company collects $4,500 subsequently on specific account that had previously been determined to be uncollectible in fc). Prepare the journal entries necessary to restore the account and record the cash collection. (Credit account tites are outomatically indented when amount is entered. Do not indent manuolly) No. Account Titles and Explanation Debit Credit (b) (c) (d) (Toreverse write-off.) (d) (Toreverse write-off.) (Torecord collection of write off.) eTextbook and Media List of Accounts
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