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The question I need help with is at the end but the information below is to help to get the answer for Dec 31: Based

The question I need help with is at the end but the information below is to help to get the answer for Dec 31: Based on the aging of accounts receivable, estimated uncollectible accounts as 3,800.

Jan 17: Sold inventory to

Otton Gomez,

$1,100

on account. Ignore cost of goods sold.

Journal Entry

Date

Accounts

Debit

Credit

Jan

17

Accounts receivable - Otton Gomez

1,100

Sales revenue

1,100

Jun 29: Wrote off the

Otton Gomez

account as uncollectible after repeated efforts to collect from him.

Journal Entry

Date

Accounts

Debit

Credit

Jun

29

Allowance for uncollectible accounts

1,100

Accounts receivable - Otton Gomez

1,100

Aug 6: Received

$350

from

Otton Gomez,

along with a letter stating his intention to pay within 30 days. Reinstated his account in full.

Begin by preparing the entry to reinstate the account. (Do not record the receipt of cash, this will be recorded in the next entry.)

Journal Entry

Date

Accounts

Debit

Credit

Aug

6

Accounts receivable - Otton Gomez

1,100

Allowance for uncollectible accounts

1,100

Now prepare the entry for the receipt of

$350

from

Otton Gomez.

Journal Entry

Date

Accounts

Debit

Credit

Aug

6

Cash

350

Accounts receivable - Otton Gomez

350

Sep 4: Received the balance due from

Otton Gomez.

Journal Entry

Date

Accounts

Debit

Credit

Sep

4

Cash

750

Accounts receivable - Otton Gomez

750

Oct 31: Made a compound entry to write off the following accounts as uncollectible:

Brody Conrad,

$400;

Tom Marquet,

$200;

and

Susie Stein,

$700.

Journal Entry

Date

Accounts

Debit

Credit

Oct

31

Allowance for uncollectible accounts

1,300

Accounts receivable - Brody Conrad

400

Accounts receivable - Tom Marquet

200

Accounts receivable - Susie Stein

700

Dec 31: Based on the aging of accounts receivable, estimated uncollectible accounts as

$3,800.

Journal Entry

Date

Accounts

Debit

Credit

Dec

31

Bad debt expense

?

Allowance for uncollectible accounts

?

What would the answer be for Dec 31 for the Bad debt expense and the Allowance for uncollectible accounts?

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