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?

What do you think? Hint: there are two main stream methods in figuring out this problem.

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.

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.

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