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Exercise 5-7A Establish an allowance for uncollectible accounts and write off accounts receivable (LO5- 3,5-4) During 2021, its first year of operations, Pave Construction provides
Exercise 5-7A Establish an allowance for uncollectible accounts and write off accounts receivable (LO5- 3,5-4) During 2021, its first year of operations, Pave Construction provides services on account of $126.000, By the end of 2021, cash collections on these accounts total $93,000. Pave estimates that 20% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $5,940. Check my 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $8,910. Record the write-off of accounts receivable in 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the write-off of accounts receivable in 2022. ces Note: Enter debits before credits General Joumal Orbit Credit Date December 31, 2022 3-b. Assume the same facts as above but assume actual write-offs in 2022 were $8,910. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). Beginning Balance in 2022 Ending Balance in 2022 05
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