Question

An aging analysis on September 30 of the accounts receivable of Kukiz Corporation indicates that uncollectible accounts amount to $129,000. Prepare a journal entry to record uncollectible accounts expense under each of the following independent assumptions:
a. Allowance for Uncollectible Accounts has a credit balance of $27,000 before adjustment.
b. Allowance for Uncollectible Accounts has a debit balance of $21,000 before adjustment.



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  • CreatedSeptember 10, 2014
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