On December 31, 2020, Central Freight reported an allowance for uncollectible accounts of $15,300. During 2021,...

  

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On December 31, 2020, Central Freight reported an allowance for uncollectible accounts of $15,300. During 2021, Central wrote off $17,000 in accounts receivable. Included in the write-off was Roskoff Corp. s account in the amount of $750. Roskoff subsequently paid this balance. At December 31, 2021, an analysis or the accounts receivable aging schedule indicated the need for an allowance for uncollectible accounts of $14,900. Required: Prepare all implied journal entries relative to bad debt expense and the allowance for uncollectible accounts. (6 points) On December 31, 2020, Central Freight reported an allowance for uncollectible accounts of $15,300. During 2021, Central wrote off $17,000 in accounts receivable. Included in the write-off was Roskoff Corp. s account in the amount of $750. Roskoff subsequently paid this balance. At December 31, 2021, an analysis or the accounts receivable aging schedule indicated the need for an allowance for uncollectible accounts of $14,900. Required: Prepare all implied journal entries relative to bad debt expense and the allowance for uncollectible accounts. (6 points)

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General Entries Date Account title Debit Credit Allowance for uncollectible accoun... View the full answer