Part A: Justin Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of $200,a positive number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:
Part B: Jayson Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of ($200),a negative number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:

Question

Part A: Justin Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of $200,a positive number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:
 Part B: Jayson Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of ($200),a negative number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:

Quizplus · Accepted Answer

The Answer of Part A: Justin Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of $200,a positive number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:
 Part B: Jayson Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of ($200),a negative number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:

Part A: Justin Company Has Accounts Receivable of $40,000