Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). assume the current balance in allowance for doubtful accounts is an $8,000 debit. (c) of the above accounts, $5,000 is determined to be specifically uncollectible. prepare the journal entry to write off the uncollectible account. (d) the company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in (c). prepare the journal entry(ies) necessary to restore the account and record the cash collection.

Prepare the journal entry to write off the uncollectible account.

Dr Bad Debt Expense$ 13,000

Cr Allowance for Uncollectible Accounts$ 13,000

Prepare the journal entry(ies) necessary to restore the account and record the cash collection.

Dr Accounts receivable$ 5,000

Cr Allowance for Uncollectible Accounts$ 5,000

Dr Cash$ 5,000

Cr Accounts receivable$ 5,000

Explanation:

(a). Assume the current balance in Allowance for Doubtful Accounts is an $8,000 debit.   (c) Of the above accounts, $5,000 is determined to be specifically uncollectible.  

Dr Bad Debt Expense$ 13,000

Cr Allowance for Uncollectible Accounts$ 13,000

Because the company already has a DEBIT balance ($8,000) in the Allowance for Doubtful Accounts it's necessary to register an entry that COMPENSATE ($13,000) the existing value and reflect the value estimated as bad debts ($5,000).

(d) The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in  

Dr Accounts receivable$ 5,000

Cr Allowance for Uncollectible Accounts$ 5,000

(c). Prepare the journal entry(ies) necessary to restore the account and record the cash collection.  

Dr Cash$ 5,000

Cr Accounts receivable$ 5,000

Areceive reimbursement for your college visit costs b schedule a tour of the college campus c attend a college class to see what it’s like d both b & c e all of the above

The answer is b i think