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ODULO 3 SECCION 2-CUENTAS POR ... (i Help Save & Exit A company uses the allowance method to account for bad debts. The current year
ODULO 3 SECCION 2-CUENTAS POR ... (i Help Save & Exit A company uses the allowance method to account for bad debts. The current year was the first year of operations for the company, so it had a $0 opening balance in its allowance for uncollectible accounts. During the current year, the company provided a total of $268,000 of services on account. During the current year, the company wrote off uncollectible accounts of $10,800. By the end of the current year, cash collections on accounts receivable totaled $226,800. The company estimates that 5% of the accounts receivable balance at 12//31 of the current year will prove uncollectible. Required: What journal entry did the company record to write off uncollectible accounts
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