At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $21,400. By the end of the year, actual bad debts total $25,000. Required: 1. Record the write-off to uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $21,400. By the end of the year, actual bad debts total $25,000. Required: 1. Record the write-off to uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter21: Accounting For Accruals, Deferrals, And Reversing Entries

Section21.1: Accruals

Problem 1OYO

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