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At December 31 , the company reported accounts receivabie of $120,000 and an allowance for...

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Accounting

At December 31 , the company reported accounts receivabie of $120,000 and an allowance for uncollectible accounts of $1,000 (credit). An analysis of accounts receivable suggests that the allowance for uncoliectible accounts should be 8% of accounts receivable.

12. Estimate the amount of uncollectible receivables:

13. When recording the adjusting entry for bad debt expense how much should Allowance for Uncollectible accounts be credited?

14. On January 10, a customer's sccount balance of $1,000 is written off as uncollectible. Fecord the write-off.

15. If Net Accounts receivable were $100,000 before the write off, how much are Net Accounts receivable AFTER the write-aff?

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