Question: At December 31, 2016, before any year-end adjustments are made, White Corporation had a $50 balance in Accounts Receivable and a $0.6 debit balance in

At December 31, 2016, before any year-end adjustments are made, White Corporation had a $50 balance in Accounts Receivable and a $0.6 debit balance in the Allowance for Uncollectible Accounts.
Requirements
1. What is the normal balance in the Allowance for Uncollectible Accounts? What would cause this account to have a debit balance?
2. How does management determine the amount of uncollectible accounts?
3. The aging of receivables indicates that White Corporation will not collect $1.5 million of its accounts receivables. Prepare the journal entry to record the bad debt expense for 2016?

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