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    mroberge's Avatar
    mroberge Posts: 16, Reputation: 1
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    #1

    Dec 9, 2011, 01:03 PM
    What is the type of account and normal balance of allowance for doubtful accounts?
    Would it be conta asset, debit
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 9, 2011, 01:41 PM
    It is a contra asset account and would have a normal Credit balance.
    mroberge's Avatar
    mroberge Posts: 16, Reputation: 1
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    #3

    Dec 9, 2011, 01:49 PM
    To record estimated uncollectedable receivables using the allowance method, the adjusting entry would be?

    Is the answer debit to allowance for doughtful account and a credi ti a/r?
    mroberge's Avatar
    mroberge Posts: 16, Reputation: 1
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    #4

    Dec 9, 2011, 01:51 PM
    To record estimated uncollectable receivable using the allowance method. The adjusting entry would be?

    Is the answer a debit to allowance for doubtful acct and a credit to A/R
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