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Full concept of an uncollectible account

If a company made a credit sales of $500,000 during 2008. Experience indicates that uncollectible -account expense is 1/2 of 1% of credit sales.

At December 31s,2008, Company's account Receivable balance is $130,000 and Allowance for Uncollectibles stands at $1,600 before the year end adjustment.

How would I go about recording Uncollectible -account expense for 2008. Then report Company's Software 's receivables, net of the allowance, at December 31st, 2008.

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If a company made a credit sales of $500,000 during 2008. Experience indicates that uncollectible -account expense is 1/2 of 1% of credit sales.

At December 31st, 2008, Company's account Receivable balance is $130,000 and Allowance for Uncollectibles stands at $1,600 before the year end adjustment.

How would I go about recording Uncollectible -account expense for 2008. Then report Company's Software 's ...

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This solution is comprised of a detailed explanation to answer the request of the assignment in text file.

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