Bright Smile Dental Group started 2012 with Accounts Receivable of $126,000 and a credit balance in Allowance for Uncollectible Accounts balance of $12,000. The following information relates to Bright Smile Dental’s 2012 operations:
a. Credit sales, $310,000.
b. Collections on account, $318,000.
c. Write-offs of uncollectibles, $11,000.
d. At December 31, the aging of accounts receivable showed that Bright Smile will probably not collect $8,000 of its accounts receivable.
Journalize Bright Smile’s 2012 transactions based on the information provided. Prepare a T-account for the Allowance for Uncollectible Accounts to show your computation of Bad Debt Expense for the year.

  • CreatedApril 29, 2014
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