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Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $130,000; Allowance for Uncollectible Accounts = $2,100 (debit). On December 31, 2021, Southwest estimates uncollectible accounts to be 20% of accounts receivable.

Respuesta :

Answer:

Bed debts expenses = $28,100

Explanation:

Given:

Accounts Receivable = $130,000

Allowance for Uncollected Accounts = $2,100 (debit)

Uncollected accounts = 20% of accounts receivable

Computation of Uncollected accounts :

= 20% x Accounts receivable

= 20% x $130,000

= $26,000

Total Bed debts = $26,000 + $2,100

= $28,100

                                     Journal Entries                                        

Date             Accounts                                             Debit  Credit

          Bed Debts Expenses A/c Dr                      $28,100

          To Allowance for Uncollected Accounts              $28,100

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