Question: Interactive Planning Software uses the direct charge-off method to account for uncollectible accounts expenses as they occur. Selected transactions for 20X1 and 20X2 follow. The

 Interactive Planning Software uses the direct charge-off method to account for

Interactive Planning Software uses the direct charge-off method to account for uncollectible accounts expenses as they occur. Selected transactions for 20X1 and 20X2 follow. The accounts involved are Accounts Receivable, Notes Receivable, and Uncollectible Accounts Expense. Record each transaction in general journal form. Analyze: When the worksheet is prepared at the end of \\( 20 \\mathrm{X} \\), what balance should be listed for Uncollectible Accounts Expense? Assume that the transactions given are the only transactions that affected the account

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