Question

An aging minus of receivable indicates that the amount of uncollectible accounts is $ 3, 310. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $ 600. The Accounts Receivable balance is $ 44, 720. The amount of the adjusting entry for uncollectible accounts should be​ for:

Answer 1

Answer: $42010

Explanation:

Given that uncollectible accounts is $ 3, 310.

Accounts prior to adjustment has a credit balance of $ 600

3310 - 600 = 2710

Accounts Receivable balance is $ 44, 720

The amount of the adjusting entry for uncollectible accounts will be

Account receivable - 2710

44720 - 2710 = 42010 dollars