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-   -   What are my adjusting entries for Allowance Uncollectible Accounts? (https://www.askmehelpdesk.com/showthread.php?t=519492)

  • Oct 23, 2010, 10:58 AM
    joeyallen11270
    What are my adjusting entries for Allowance Uncollectible Accounts?
    My company has determined that the balance in Accounts Receivable in the amount of $6,500 will not be collected. The Allowance for Uncollectible Accounts account has a credit balance of $2,000 before any adjustments have been made. What adjusting entries do I need to make to show the $6,500 will not be collected?
  • Oct 31, 2010, 08:03 AM
    joeyallen11270
    The two entries would be

    Dr to Bad Debt Expense $4,500
    Cr to Allowance for Uncollectible accounts $4,500


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