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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.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.) View transaction list Journal entry worksheet 1 > Record the write-off to uncollectible accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
Transcribed Image Text: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.) View transaction list Journal entry worksheet 1 > Record the write-off to uncollectible accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
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