FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $22,600. By the end of the year, actual bad debts total $26,500.


Required:
1. Record the write-off to uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

 

2. What is the balance of Allowance for Uncollectible Accounts?

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