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Recording Entries to Estimate Bad Debt Expense Including the Write - Off and Subsequent Collection of an Account Following are accounts of Long Company at

Recording Entries to Estimate Bad Debt Expense Including the Write-Off and Subsequent Collection of an Account
Following are accounts of Long Company at its December 31 year-end for the current year.
Accounts receivable balance, December 31, prior year $71,400
Allowance for doubtful accounts balance, December 31, prior year 4,200
Total sales revenue during the current year (1/6 are on credit)1,344,000
Uncollectible account written off during the current year (A. Smith)1,400
Cash collected on accounts receivable during the current year 238,000

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