Question: Question Completion Status: QUESTION 33 For a business that uses the allowance method for uncollectible receivables, (a) Journalize the entries to record the following: (1Record

Question Completion Status: QUESTION 33 For a business that uses the

allowance method for uncollectible receivables, (a) Journalize the entries to record the

Question Completion Status: QUESTION 33 For a business that uses the allowance method for uncollectible receivables, (a) Journalize the entries to record the following: (1Record the adjusting entry at December 31, 2043, the end of the fiscal year, to provide for doubtful accounts. The accounts receivable account has a balance of $800,000, and the Allowance for Doubtful Accounts account before adjustment has a debit balance of $600. Analysis of the aging of receivables at year end indicates doubtful accounts of $18,000 (2) In March 2014, the $350 owed by Fronk Co. on account is written off as uncollectible. (3) in September 2014, $200 of the Fronk Co. account is reinstated and payment of that amount is received (4) In October 2014, S400 is received on $600 owed by Dodger Co and the remainder is written off as uncollectible. (b) Immediately following the journal entry in (a) (1) above, what is the net realizable value of the accounts receivable as reported on the balance sheet as of December 31, 2013? For the toolbar press ALT-10 (PC) or ALT AN+F10 (Mac BIUS Paragraph Arla 1001 2 I Click to SWEAVA ad MacBook Air

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