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le OD-HUework . Prob 8-5B NOT in your textbook P8-5B At December 31, 2017, the trial balance of Markowitz Company contained the following amounts before
le OD-HUework . Prob 8-5B NOT in your textbook P8-5B At December 31, 2017, the trial balance of Markowitz Company contained the following amounts before adjustment. Accounts Receivable Allowance for Doubtful Sales Revenue $250,000 1.100 650,000 the adjusting entry at December 31,2017, to record bad debt expense under each of the (1) An aging schedule indicates that $13,500 of accounts receivable will be uncollectible (2) The company estimates that 2% of sales will be uncollectible (b) Repeat part (a) assuming that instead of a credit balance, there is a $1,100 debit balance in Allowance for Doubtful Accounts c) During the next month, January 2016, a S3.200 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off d) Repeat part (c) assumin g that Markowitz Company uses the direct write-off method instead of the r 120 0%
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