Question: E4-6B. Aging of accounts receivable allowance method (Learning Objective 4) 15-20 min. On March 31, 2024, the Accounts Receivable balance of Dunham Manufacturing Inc. is

 E4-6B. Aging of accounts receivable allowance method (Learning Objective 4) 15-20

E4-6B. Aging of accounts receivable allowance method (Learning Objective 4) 15-20 min. On March 31, 2024, the Accounts Receivable balance of Dunham Manufacturing Inc. is $173,000. The Allowance for Uncollectible Accounts has a $1,650 credit balance. Dunham Manufacturing Inc. prepares the following aging schedule for its accounts receivable: Requirements 1. Journalize the year-end adjusting entry for uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the Allowance account based on the account aging. Show the T-account for the Allowance on March 31, 2024. 2. Assume that instead of a $1,650 credit balance, the Allowance account has a $400 debit balance before adjustment. Journalize the year-end adjusting entry for uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the Allowance account based on the account aging. Show the T-account for the Allowance on March 31, 2024

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