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| | | | | College Accounting, Eighth Edition
Douglas J. McQuaig, Wenatchee Valley College
Patricia A. Bille, Highline Community College
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| | Performance Objectives
Chapter 16: Uncollectible Accounts
- Make the adjusting entry to record estimated bad debt losses by using the allowance method of recording bad debts. (a) Determine the amount of the adjusting entry by aging Accounts Receivable. (b) Determine the amount of the adjusting entry by using a percentage of Accounts Receivable. (c) Calculate the amount of the adjusting entry by using a percentage of net sales or net credit sales.
- Journalize the entries to write off accounts receivable as being uncollectible, using the allowance method of accounting for bad debt losses.
- Journalize entries to reinstate accounts receivable previously written off, using the allow-ance method.
- Journalize the entries to write off accounts receivable as being uncollectible, using the specific charge-off method.
- Journalize entries to reinstate accounts receivable previously written off, us-ing the specific charge-off method.
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