13. On September 1, a customer's account balance of $2,300 was deemed to be uncollectible. What entry should be recorded on September I to record the write-off assuming the company uses the allowance method? a. Debit Bad Debts Expense $2300; credit Accounts Receivable S2.300. b. Debit Allowance for Doueful Accounts S2.300, credit Bad Debts Expense $2.300. c. Debit Allowance for Doubeful Accounts S2.300; credit Accounts Receivable $2,300. d. Debit Bad Debts Expense $2 300; credit Allowance for Doubtful Accounts $2,300. 14. The direct write-off method a Complies with the matching principle b. Is acceptable from a theoretical point of view c. Is only acceptable if bad debts are small, insignificant amounts d. Is the primary method used to recognize Bad Debt Expense 15. When the allowance method of recognizing bad debt expense is used, the entries at the time of collection of a small account previously written off would a. Increase net income b. Increase Allowance for Bad Debts c. Decrease net income d. Decrease Allowance for Bad Debts

H

Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17:  Received $3,190 from Paula Spitler and wrote off the remainder owed of $5,900 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17   fill in the blank e83d81f48fed021_2 fill in the blank e83d81f48fed021_3     fill in the blank e83d81f48fed021_5 fill in the blank e83d81f48fed021_6     fill in the blank e83d81f48fed021_8 fill in the blank e83d81f48fed021_9 July 29:  Reinstated the account of Paula Spitler and received $5,900 cash in full payment. July 29   fill in the blank cf28d0043fd3fb7_2 fill in the blank cf28d0043fd3fb7_3     fill in the blank cf28d0043fd3fb7_5 fill in the blank cf28d0043fd3fb7_6 July 29   fill in the blank cf28d0043fd3fb7_8 fill in the blank cf28d0043fd3fb7_9     fill in the blank cf28d0043fd3fb7_11 fill in the blank cf28d0043fd3fb7_12

Following is a list of credit customers along with their amounts owed and the days past due at December 31. Following that list are five classifications of accounts receivable and estimated bad debts percent for each class.A)Create an aging of accounts receivable schedule similar to Exhibit 9.8 and calculate the estimated balance for the Allowance for Doubtful Accounts.B)Assuming an unadjusted credit balance of $100, record the required adjustment to the Allowance for Doubtful Accounts