kspuriel
Mar 25, 2009, 06:37 PM
Hello,
My name is Karen an I am a graduate student for Master's of Social Administration, and I have a hard time grasping financial accounting I need help.
My question is accounts receivable account that shows a debit balance of 104,000 at the end of the year. An aging analysis of individual accounts indicates estimated uncollectable accounts 6,700. I need to prepare an entry to record the uncollectable accounts expense under each of the following independent assumptions: allowances for uncollectible accounts has a credit balance of 800 before adjudstment and allowance for uncollectible accounts has a debit balance of 800 before adjustment. What will the balance of allowance for uncollectible accounts after each of these adjustments?
My name is Karen an I am a graduate student for Master's of Social Administration, and I have a hard time grasping financial accounting I need help.
My question is accounts receivable account that shows a debit balance of 104,000 at the end of the year. An aging analysis of individual accounts indicates estimated uncollectable accounts 6,700. I need to prepare an entry to record the uncollectable accounts expense under each of the following independent assumptions: allowances for uncollectible accounts has a credit balance of 800 before adjudstment and allowance for uncollectible accounts has a debit balance of 800 before adjustment. What will the balance of allowance for uncollectible accounts after each of these adjustments?