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USE THE FOLLOWING INFORMATION FOR QUESTIONS #10: Motown Corporation reviews its estimate of uncollectible accounts and determines a change is necessary based on the following:
USE THE FOLLOWING INFORMATION FOR QUESTIONS #10: Motown Corporation reviews its estimate of uncollectible accounts and determines a change is necessary based on the following: % of Ending Accounts Receivable method used 13.00% 20x6 estimate of accounts receivable that will be uncollectible Revised estimate for 20x7 accounts receivable that will be uncollectible Total Balance in Accounts Receivable at 1/1/X7 Total Balance in Accounts Receivable at 12/31/X7 Balance in the Allowance for Doubtful Accounts at 1/1/X7 3455,000 SOBOTOX 2000 CREDIT 10.) Calculate the amount of uncollectible accounts to be recorded for the 20X7 adjusting journal entry
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