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help please (6) During 2024, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2024 , cash
help please (6)
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-a. 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. Record the adjusting entry for uncollectible accounts on December 31, 2024. (if no entify is required for a particular transaction/event. select "No Joumal Entry Required" in the first account field.) Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024. 2-a. 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 Aliowance for Uncoliectible Accounts at the end of 2025 (before adjustment in 2025). Complete this question by entering your answers in the tabs below. Record the write off of accounts recenivable in 2025. (If no entry is requined for a particular transaction/event, select "to Joumil Entry Required in the first account tield.) Journal entry worksheet Record the vriteroff of accounts receivable in 2025. Motei tenter debita before oredita 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-o. 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 acjustment 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 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 Uncoliectibie Accounts at the end of 2025 (before adjustment in 2025). Required: 1. Record the adjusting entry for uncollectible accounts on December 31,2024. 2-a. Record the wite-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 202.5). Complete this question by entering your answers in the tabs below. Assume the same facts as above but assume actual write-off in 2025 were $15,000. Record the write-off of accounts receivable in 2025. (If no entry is required for a particular transaction/event, select "No Joumal entry Required" in the first account field.) Journal entry worksheet Record the write-off of accounts receivable in 2025. Notef Enter debits before aredits. 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-o. 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). 3-0. 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. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2025 (before adjustment in 2025) Step by Step Solution
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