Question: wrote off $ 6 , 0 0 0 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 6 % of accounts receivable.

wrote off $6,000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 6% of accounts receivable.
Read the requirements. expense using the percent-of-receivables method. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)
\table[[Date],[Dec. Accounts and Explanation],[Collected cash on account.],[Record sales for the year.],[Recorded bad debts expense for the period.],[Reinstated previously written off account.],[Wrote off uncollectible accounts.]]
wrote off $6,000 receivables as uncollectible. Industry experience suggests that uncollectible

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