A summary of Klugman Company's December 31,2016,accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:

The allowance for uncollectible accounts had a balance of $1,400 on January 1,2016.During the year,bad debts of $750 were written off.
Required:
Prepare all journal entries for 2016 with respect to bad debts and the allowance for uncollectible accounts.

Question

A summary of Klugman Company's December 31,2016,accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:
  
The allowance for uncollectible accounts had a balance of $1,400 on January 1,2016.During the year,bad debts of $750 were written off.
Required:
Prepare all journal entries for 2016 with respect to bad debts and the allowance for uncollectible accounts.

Quizplus · Accepted Answer

The Answer of A summary of Klugman Company's December 31,2016,accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:
  
The allowance for uncollectible accounts had a balance of $1,400 on January 1,2016.During the year,bad debts of $750 were written off.
Required:
Prepare all journal entries for 2016 with respect to bad debts and the allowance for uncollectible accounts.

A Summary of Klugman Company's December 31,2016,accounts Receivable Aging Schedule