During 2 0 2 4 , its first year of operations, Laminate Construction provides services on account of $ 1 4 4 , 0 0 0 By the end of 2 0 2 4 , cash collections on these accounts total $ 1 0 2 , 0 0 0 Laminate estimates that 2 0 of the uncollected accounts will be uncollectibleIn 2 0 2 5 , the company writes off uncollectible accounts of $ 7 , 5 6 0 Required 1 Record the adjusting entry for uncollectible accounts on December 3 1 , 2 0 2 4 2 a Record the write off of accounts receivable in 2 0 2 5 2 b Calculate the balance of Allowance for Uncollectible Accounts at the end of 2 0 2 5 ( before adjustment in 2 0 2 5 ) 3 a Assume the same facts as above but assume actual write offs in 2 0 2 5 were $ 1 1 , 3 4 0 Record the write off of accounts receivable in 2 0 2 5 3 b Calculate the balance of Allowance for Uncollectible Accounts at the end of 2 0 2 5 ( before adjustment in 2 0 2 5 )

Question

During 2 0 2 4 , its first year of operations, Laminate Construction provides services on account of $ 1 4 4 , 0 0 0 By the end of 2 0 2 4 , cash collections on these accounts total $ 1 0 2 , 0 0 0   Laminate estimates that 2 0   of the uncollected accounts will be uncollectibleIn 2 0 2 5 , the company writes off uncollectible accounts of $ 7 , 5 6 0 Required  1   Record the adjusting entry for uncollectible accounts on December 3 1 , 2 0 2 4 2   a   Record the write   off of accounts receivable in 2 0 2 5 2   b   Calculate the balance of Allowance for Uncollectible Accounts at the end of 2 0 2 5 ( before adjustment in 2 0 2 5 )   3   a   Assume the same facts as above but assume actual write   offs in 2 0 2 5 were $ 1 1 , 3 4 0 Record the write   off of accounts receivable in 2 0 2 5 3   b   Calculate the balance of Allowance for Uncollectible Accounts at the end of 2 0 2 5 ( before adjustment in 2 0 2 5 )

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During 2 0 2 4 , its first year of operations, Laminate Construction provides services on account of $ 1 4 4 , 0 0

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