Question
company offers credit terms to its customers and use the allowance method to estimate uncollectible accounts. the allowance for uncollectible accounts had a debit balance
company offers credit terms to its customers and use the allowance method to estimate uncollectible accounts. the allowance for uncollectible accounts had a debit balance of $20,000 at the beginning of 2019. At the end of 2019 accounts receivables totaled $500,000 before
adjusting following them. $8,000 in receivables were written off during the year as uncollectible and $1,500 in cash was received in December from a customer whose account previously has been written off. The company Estimates uncollectible by applying a percentage of 4% to accounts receivable after adjustments at the end of the year prepare the journal entry to record the write off of accounts receivable of $8,000 during the year debit allowance for uncollectible accounts credit accounts receivable -------------- you have to write the answer Preapare a journal entry to record the collection of $1,500 for previously written receivables -------------- you have to write the answer The ending accounts receivables in 2019 after adjustments is -------------- you have to write the answer
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