The balance of Accounts receivable is $275,000. Net credit sales for the year were $771,000 and cash sales were $68,000. An analysis of accounts receivable identifies $21,400 of receivables that will NOT be collected. The company uses the direct write-off method of accounting for uncollectible accounts.
Prepare the adjusting entry to record Uncollectible accounts expense.© BrainMass Inc. brainmass.com June 4, 2020, 4:29 am ad1c9bdddf
Date Accounts ...
The Solution shows the journal entry to write off an uncollectible account using the direct write off method.