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D ACCOUNTING FOR UNCOLLECTIBLE ACCOUNTS . Present entries in general journal form, to record the following for an enterprise that makes advance provisions for uncollectible receivables. Record the adjusting entry at April 30th, 2019 the end of the fiscal year, to provide for bad debt expense. The accounts receivable account has a debit balance of $540,000 and the allowance account, before adjustment has a credit balance of $2,000. The allowance account is figured using the percentage of sale method, the current rate is 1.5% of sales. Sales for the year were $1.430,000. WEBOLAWN On June 15, 2018, the $860 owed by Gantt Company on account is written off as uncollectible On November 15, 2018, $650 of the Gantt Company account is reinstated and payment of that amount is received Based on the data above, what is the expected net realizable value of the accounts receivable as reported on the balance sheet as of December 31, 2018? JOURNAL ENTRIES Date Accounts DR CR 15 2019 16 17 18 191 ... Bank Reconciliation Uncollectible Accounts Select destination and press ENTER or choose Paste Notes Receivable Assets Depreciation O Type here to search