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Southwest Pediatrics has the following balances on December 31, 2021 before any adjustment Accounts Receivable = $130,000; Allowance for Uncollectible Accounts - $2100 (debit. On
Southwest Pediatrics has the following balances on December 31, 2021 before any adjustment Accounts Receivable = $130,000; Allowance for Uncollectible Accounts - $2100 (debit. On December 31 2021, Southwest estimates uncollecuble accounts to be 20% of accounts receivable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (if no egtry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list noes Journal entry worksheet Record the adjusting entry for Uncollectible Accounts General Journal Debit Credit December 31 2021 1 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts Is reported in the balance sheet. ences Bad Debt Exponse Allowance for Uncollectible Accounts
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