Question: Help Save 8 Exit Subm Check my work Pincus Associates uses the allowance method to account for bad debts. 2 0 2 4 was the
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Pincus Associates uses the allowance method to account for bad debts. was the first year of operations for Pincus, so it had a $ opening balance in its allowance for uncollectible accounts. During Pincus provided a total of $ of services on account. In the company wrote off uncollectible accounts of $ By the end of cash collections on accounts recelvable totaled $ Pincus estimates that of the accounts recelvable balance at will prove uncollectible.
Required:
What journal entry did Pincus record to write off uncollectible accounts during
What journal entry should Pincus record to recognize bad debt expense for
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
tableNoEvent,General Journal,Debit,CreditAllowance for uncollectible accounts,Accounts receivable,,Bad debt expense,,Allowance for uncollectible accounts,,
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