An aging analysis on June 30 of the accounts receivable of U-Z Door Corporation indicates that Uncollectible

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An aging analysis on June 30 of the accounts receivable of U-Z Door Corporation indicates that Uncollectible accounts amount to $86,000. Prepare the journal entry to record uncollectible accounts expense under each of the following independent assumptions:

(a) Allowance for Uncollectible Accounts has a credit balance of $18,000 before adjustment.

(b) Allowance for Uncollectible Accounts has a debit balance of $14,000 before adjustment.

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Oct 10, 2018 02:45 AM

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An aging analysis on June 30 of the accounts receivable of U-Z Door Corporation indicates that Uncollectible

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a Uncollectible accounts amount to 86000 We already had a balance of 18000 in allowance accoun... View the full answer

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