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Journalize the entries to record the following 1. Record the adjusting entry at December 31, the end of the fiscal year, to provide for doubtful

Journalize the entries to record the following

1. Record the adjusting entry at December 31, the end of the fiscal year, to provide for doubtful accounts. The accounts recieveable account has a balance of $800,000 and the contra asset account before adjustment has a debit balance of $600. Aging of the recieveables indicates doubtful accounts of $20,000.

2. In March of the following fiscal year, the $550 owed by Flake Co. on account is written off as a uncollectible.

3. 8 months later, $200 of the Flake Co. account is reinstated ad payment of that amount is recieved.

4. In October, $400 os recieved on the $600 owed by Doe Co. and the remainder is written off as uncollectible.

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