Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

mshangle
Dec 13, 2007, 05:42 PM
Based on the following selected data, journalize the adjusting entries as of December 31 of the current year:

Estimated uncollected accounts at December 31, $6940, based on an aging of accounts receivable. The balance of Allowance for Doubtful Accounts at December 31 was $600 (debit).

What is the journal entry??
Smith21000
Dec 14, 2007, 07:36 AM
What do you think? Hint: there are two main stream methods in figuring out this problem.
Smith21000
Dec 17, 2007, 06:34 AM
Your question sounds like homework and I am not here to do your homework. We ask on this site you at least make an attempt or give us your thoughts on the problem. At the very least you can type "calculation for allowance of doubtful accounts" into any search engine and hundreds of results are giving.
Clough
Dec 17, 2007, 07:30 AM
I concur with Smith21000. If you want to be having us do your homework for you, this is not the place to be asking that.

mshangle, below are the rules and also the link to, for asking homework questions on this site. Please follow them. Please also do not answer questions by using the rating system. If you do use the rating system to respond to questions, you risk being evaluated for your potential to remain a member of this site. Thank you!

http://www.askmehelpdesk.com/math-sciences/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

Read this first: Expectations for the Homework Help board
Do not simply retype or paste a question from your book or study material

We won't do your homework questions for you.
You were given the assignment for you to learn.

If you come up with your own answer and post it for us to critique that is within reason.

If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
But this is your assignment, so show us you have at least attempted to complete it on your own.

Thank you.