14. Record the write-off. Choose * Account Payable * Allowance for Uncollectible Accounts * Sales Returns and Allowanced * Bad debt expense * Cash * Accounts Receivable 14. Record the write-off....

14. Record the write-off. Choose * Account Payable * Allowance for Uncollectible Accounts * Sales Returns and Allowanced * Bad debt expense * Cash * Accounts Receivable


Extracted text: 14. Record the write-off. Account to be [ Choose ] debited Account to be [ Choose ] credited


Extracted text: Use the following to answer questions 12 – 15 At December 31, KC Co reported accounts receivable of $56,000 and an allowance for uncollectible accounts of $300 (credit). suggests that the allowance for uncollectible accounts should be 8% of accounts receivable. An analysis of accounts receivable 12. $4 Estimate the amount of uncollectible receivables: 13. When recording the adjusting entry for bad debt expense how much should Allowance for Uncollectible accounts be credited? 14. On January 10, a customer's account balance of $800 is written off as uncollectible. Record the write-off. 15. $ If Net Accounts receivable were $50,000 before the write-off, how much are Net Accounts receivable AFTER the write-off?