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30 October, 13:06

Joyce Corp. uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible. The write off of the account will include which of the following entries?

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  1. 30 October, 16:33
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    The Write off will include Following accounts

    Allowance of Uncollected Account

    and

    Accounts Receivable

    Explanation:

    The Entry for Write off will be as follows:

    Dr. Cr.

    Allowance of Uncollected Account $20,000

    Accounts Receivable $20,000
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