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During 2021, its first year of operations, Pave Construction provides services on account of $146,000. By the end of 2021, cash collections on these accounts
During 2021, its first year of operations, Pave Construction provides services on account of $146,000. By the end of 2021, cash collections on these accounts total $103,000, Pave estimates that 30% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $11,610. 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $17,415. Record the write-off of accounts receivable 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Credit Answer is complete but not entirely correct. Date General Journal Debit December 31, 202 Allowance for Uncollectible Accounts 15,480 Accounts Receivable 1 15,480 3-b. Assume the same facts as above but assume actual write-offs in 2022 were $17.415. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). Answer is complete but not entirely correct. Beginning Balance in 2022 Less: Write-offs During 2022 12.900 11,610 $ 1,290 Ending Balance in 2022 Mlavt
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