Chapter 6, Problem 17E

1.a.

To determine

Record the journal entry for the write-off of uncollectible customer accounts balance of $1,700.

1.b.

To determine

Prepare the adjusting journal entry to record the estimated bad debt expense for the current year.

2.

To determine

Show the accounts receivable related accounts should be shown on the income statement and balance sheet at December 31, 2014.

3.

To determine

Explain whether the percent rate of 1.5 is reasonable.