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    Gunnert6004's Avatar
    Gunnert6004 Posts: 1, Reputation: 1
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    #1

    Mar 9, 2009, 09:07 PM
    Allowance for Doubtful accounts with a debit balalnce
    Before adjusting and closing the accounts had occurred, the Allowance for doubtful showed a debit balance of $3,200. Aging of the accounts receivable probably uncollectible to be $2,100. Under these circumstances, year end adjusting entry for uncollectible accounts expense would be?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 10, 2009, 04:01 AM

    The difference of $1,100 should be made to fall free.
    This means you reverse the said amount to
    Bring the situation closer to reality.
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