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Please help with this journal entry: Wrote off as uncollectible the balance on the account of Roberto Andriani. Accounts Receivable - Roberto Andriani has a
Please help with this journal entry:
Wrote off as uncollectible the balance on the account of Roberto Andriani.
Accounts Receivable - Roberto Andriani has a balance of $4,000.
Please explain if this is correct or incorrect. I believe it is incorrect:
DR | CR | |
Uncollectible Accounts Expense (Bad Debts Expense) | 4,000 | |
Accounts Receivable (Roberto Andriani) | 4,000 |
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