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Bright Smile Dental Group started 2016 with Accounts receivable of $134,000 and a credit balance in Allowance for uncollectible accounts of $9,000. The following information
Bright Smile Dental Group started 2016 with Accounts receivable of $134,000 and a credit balance in Allowance for uncollectible accounts of $9,000. The following information relates to Bright Smile Dental's 2016 operations: Journalize Bright Smile's 2016 transactions based on the information provided. Prepare a T-account for the Allowance for uncollectible accounts to show your computation of Bad debt expense for the year. Journalize Bright Smile's 2016 transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Credit sales, $322,000 i More Info Journal Entry Accounts Debit Credit a. Credit sales, $322,000. b. Collections on account $309,000 c. Write-offs of uncollectibles, $12,400. d. At 31, the aging of accounts receivable showed that Bright Smile will probably not collect $7,300 of its accounts receivable
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