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?



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  • CreatedSeptember 10, 2014
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