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During 2024, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2024 , cash collections on these
During 2024, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2024 , cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible. In 2025 , the company writes off uncolfectible accounts of $10,000. Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024. 2-0. Record the write-off of accounts recelvable in 2025 . 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025) 3-0. Assume the same facts as above but assume actual write-offs in 2025 were $15,000. Record the write-off of accounts recelvable. in 2025 3-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025) Complete this question by entering your answers in the tabs below. Record the adjusting entry for uncollectible accounts on December 31,2024 . (If no entry is required for a particular transaction/event, select "No Journal Entry Requited" in the (first account field.) complete this question by entering your answers in the tabs beiow. Record the adjusting entry for uncollectible accounta on December 31,2024 . (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Notes Enter debits before credits. Compiete this question by entering your answers in the tabs below. Record the write-off of accounts receivable in 2025. (If no entry is required for a particular transaction/event, select Required" in the first account field.) Journal entry worksheet Record the write-off of accounts receivable in 2025. Note: Enter debits before credits. Journal entry worksheet Record the write-off of accounts recelvable in 2025. Note; Enter debits before credits. During 2024, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2024, cash collections on these accounts total $110,000 Pave estimates that 25% of the uncollected accounts will be uncollectible. in 2025 , the company writes off uncollectible accounts of $10,000. Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024 2-0. Record the write-off of accounts receivable in 2025. 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025). 3-a. Assume the same facts as above but assume actual write-offs in 2025 were $15,000. Record the write-off of accounts receivable in 2025. 3-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025) Complete this question by entering your answers in the tabs below. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025 )
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