Ron_W4DQ2 - 130,000 Uncollectible-Account Expense ($160,000...

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Ron_E9-15 Balance Sheet (partial): Accounts Receivable $28,000 Less: Allowance for uncollectible accounts (1,000) Accounts Receivable, net $27,000 Journal Date Accounts and Explanations Debit Credit Cash 20,000 Sales Revenue 20,000 Accounts receivable allowance for uncollectible accounts 160,000 Sales Revenue 160,000 Cash 130,000 Accounts Receivalbe
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Unformatted text preview: 130,000 Uncollectible-Account Expense ($160,000 x 0.02) 3,200 Allowance for Uncollectible Accounts 3,200 Accounts Receivable Allowance for Uncollectible Accounts 28,000 130,000 2,400 1,000 160,000 2,400 3,200 Balace 55,600 Balace 1,800 Net accounts receivable = $55,600 - $1,800 = $53,800...
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This note was uploaded on 01/05/2011 for the course ACC 205 taught by Professor Robertcarr during the Winter '10 term at Ashford University.

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Ron_W4DQ2 - 130,000 Uncollectible-Account Expense ($160,000...

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