3. The debit balance of doubtful rec. account is $ 7,000 and the credit balance of allowance for doubtful rec. account is $ 4,000. The company collected $ 3,000 of its doubtful rec. and the rest is proved to be uncollectable. Make journal necessary entry(ies).

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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3. The debit balance of doubtful rec. account is $ 7,000 and the credit balance of allowance for doubtful
rec. account is $ 4,000. The company collected $ 3,000 of its doubtful rec. and the rest is proved to be
uncollectable. Make journal necessary entry(ies).
Transcribed Image Text:3. The debit balance of doubtful rec. account is $ 7,000 and the credit balance of allowance for doubtful rec. account is $ 4,000. The company collected $ 3,000 of its doubtful rec. and the rest is proved to be uncollectable. Make journal necessary entry(ies).
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