Question: Allowance method; reconstructing journal entry from events. (From a problem by S. A. Zeff.) During 2008, Pandora Company wrote off $2,200 of accounts receivable as
Allowance method; reconstructing journal entry from events. (From a problem by S. A. Zeff.) During 2008, Pandora Company wrote off $2,200 of accounts receivable as uncollectible. Pandora Company collected no cash during 2008 for amounts it had written off in previous years. The balance in the Allowance for Uncollectible Accounts account on the balance sheet was $3,500 at the beginning of 2008 and $5,000 at the end of 2008. Present the journal entry that the company made to provide for estimated uncollectible during 2008.
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