Post the Journal entries to Allowance for Doubtful Accounts and calculate the new balance after...
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Accounting
Post the Journal entries to Allowance for Doubtful Accounts and calculate the new balance after each entry. Prepare the journal entries on December 31, 2023, March 5, 2024, and June 6, 2024. (Credit account villes are autamaticolly indented when the omount is entered. Do not indent monually. If no entry is required, select "No Entry" for the occount titles ond enter 0 for the omounts. List oll debit entries before credit entries. Recond journal entries in the onder presented in the problem, Dec 31, 2023 The company estimated that 4% of its accounts recelvable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubttui Accounts were $604,000 and $2,300 (debit). respectively. Mar. 5, 2024 The compamy determined that R. Mirzas $4,000 account and D. Wight's $7,700 account were uncollectible. The company's accounts receivable were $637,900 before the accounts were written off, June 6,2024 Wight paid the amount that had been witten off on March 5. The compary's accounts recelvable were $592,300 prior to recording the cash receipt for Wight
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