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Use the following to answer questions 1215 At December 31, the company reported accounts receivable of $120,000 and an allowance for uncollectible accounts of $1,000
Use the following to answer questions 1215 At December 31, the company reported accounts receivable of $120,000 and an allowance for uncollectible accounts of $1,000 (credit). An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 8% of accounts receivable. 12. \$_Estimate the amount of uncollectible receivables: 13. \$_When recording the adjusting entry for bad debt expense how much should Allowance for Uncollectible accounts be credited? 14. On January 10 , a customer's account balance of $1,000 is written off as uncollectible. Record the write-off. 15. Net Accounts receivable were $100,000 before the write-off, how much are Net Accounts receivable AFTER the write-off
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