The Accounts Receivable account of Roger Company shows a debit balance of $26,000 at the end of

Question:

The Accounts Receivable account of Roger Company shows a debit balance of $26,000 at the end of the year. An aging analysis of the individual accounts indicates estimated uncollectible accounts to be $1,675.

Prepare a journal entry to record the uncollectible accounts expense under each of the following independent assumptions:

a. Allowance for Uncollectible Accounts has a credit balance of $200 before adjustment.

b. Allowance for Uncollectible Accounts has a debit balance of $200 before adjustment.

c. What is the balance of Allowance for Uncollectible Accounts after each of these adjustments?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...