Business, 24.10.2019 16:43 pineapplefun
During 2021, its first year of operations, pave construction provides services on account of $152,000. by the end of 2021, cash collections on these accounts total $106,000. pave estimates that 30% of the uncollected accounts will be uncollectible. in 2022, the company writes off uncollectible accounts of $12,420. required: 1. record the adjusting entry for uncollectible accounts on december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.) 2-a. record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.) 2-b. calculate the balance of allowance for uncollectible accounts at the end of 2022 (before adjustment in 2022). 3-a. assume the same facts as above but assume actual write-offs in 2022 were $18,630. record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.) 3-b. assume the same facts as above but assume actual write-offs in 2022 were $18,630. calculate the balance of allowance for uncollectible accounts at the end of 2022 (before adjustment in 2022).
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During 2021, its first year of operations, pave construction provides services on account of $152,00...
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