Should the date of the beginning balance for both Accounts receivable and the Allowance for Uncollectible accounts receivable (Doubtful) accounts be January 1, 2016 and the date of the ending balance for both Accounts receivable and the Allowance for Uncollectible accounts receivable (Doubtful) accounts be December 31, 2016? It is because some questions that are assigned in the books do not mention the date of/for the beginning balance and the ending balance for certain accounts.

Allowance for Doubtful Accounts Prior to adjustments, Barrett Company's account balances at December 31, 2016, for Accounts Receivable and the related Allowance for Doubtful Accounts were $1,200,000 and $60,000, respectively. An aging of accounts receivable indicated that $106,000 of the December 31, 2016, receivables may be uncollectible. The net realizable value of accounts receivable at December 31, 2016, was: How the Percent-of-Sales (Income Statement-Oriented)-Method-Works 1 Accounts Receivable Debito Credito $00 $0.0 Cash collection Jan 1, 2016 Beg. balanced Credit-sales Dec 31, 2016 Ending balanced $00 $1,200,0000 $23.000 $o Bad debts-(Wrote-off =-SO-Cash collection+$23.000-Bad-debts wrote off/write-off/written off =-$23,000-year-end balance and the ending (closing) balance of Accounts receivable, a control account. Allowance for Doubtful Accounts Debito Credito $23,0000 $15,0000 Accounts receivable- (Wrote off $32,0000 January 1, 20161 Beg. balancevo Bad-debt-expense (E+) December 31, 2016 Ending balanced $60,0000 The year-end balance and the ending (closing) balance of Allowance-forDoubtful Accounts is $60,000.1 15. MC.06-05 Allowance for Doubtful Accounts On January 1, 2016, King Company's Allowance for Doubtful Accounts had a credit balance of $15,000. During 2016, King (1) charged $32,000 to bad debt expense, (2) wrote off $23,000 of uncollectible accounts receivable, and (3) unexpectedly recovered $6,000 of bad debts written off in the prior year. The Allowance for Doubtful Accounts balance at December 31, 2016, should be: a. $32,000 b. $30,000 C. $24,000 d. $47,000 O How the Percent-of-Sales (Income Statement-Oriented)-Method-Works General Journal Entries Datea Account Titles & Explanations Debita Credito Dec 31, 2016 0 $32,0000 $32,0000 Uncollectible accounts receivable account expense (E+) Allowance for uncollectible accounts receivable accounts (CA+ Recorded uncollectible accounts- receivable account expense for the periodo 18 Blo $23,0000 Allowance for uncollectible- accounts receivable accounts- (CA) Accounts receivable (A- Wrote off uncollectible accounts receivable accounts- expense $23,0000 I Accounts Receivable Debita Credito $00 $00 Cash-collection Jan 1, 20167 Beg, balanced Creditsaleso $00 $23,0000 $23,0000 Bad debts-(Wrote off de Dec 31, 2016 Ending balanced gi =-50-Cash collection+$23,000-Bad-debts wrote off/write off/written off =-$23,000 year-end balance and the ending (closing) balance of Accounts receivable. I Allowance for Doubtful'Accounts Debito Credito $23,0000 $15,0000 HT Accounts receivable- (Wrote-off) $32,0000 H Jan 1, 20167 Beg, balancera Bad-debt-expense (E+) Accounts receivable (Reversal) Vo Dec 31, 20161 Ending balanced $6,0000 $ IR