The general ledger account for Accounts Receivable shows a debit balance of $40,000.

The general ledger account for Accounts Receivable shows a debit balance of $40,000. The Allowance for Uncollectible Accounts has a credit balance of $2,000. Net sales for the year were $250,000. In the past, 3 percent of net sales have proved uncollectible. An aging of accounts receivable results in an estimate of $9,000 of uncollectible accounts receivable.
Calculate (1) Uncollectible Accounts Expense and (2) the ending balance of the Allowance for Uncollectible Accounts using (a) the percentage of net sales method and (b) the accounts receivable aging method.
Create an Excel spreadsheet to submit your assignment.

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receivables.xlsx

The general ledger account for Accounts Receivable shows a debit balance of $40,000.

The general ledger account for Accounts Receivable shows a

The general ledger account for Accounts Receivable shows a debit balance of $40,000

Accounts Expense

The general ledger

bad debt

The general ledger account for Accounts Receivable

Uncollectible Accounts Expense

ACC- The general ledger account for Accounts Receivable

The general ledger account for Accounts Receivable shows a debit balance of $40,000.

The general ledger account for Accounts Receivable shows a debit balance of $40,000.