Entry for uncollectible accounts performance bike co. has determined that the proper balance for the allowance for doubtful accounts at december 31 is $39,044. assume that the allowance for doubtful accounts for performance bike co. had a debit balance of $7,030 as of december 31. journalize the adjusting entry for uncollectible accounts as of december 31.

This transaction can be Journalized as follows :-

December 31.       Bad debt expense A/C Dr.  $46,074

                                        To allowance for doubtful accounts $46,074

                               (adjusting allowance account to total uncollectibles)

Explanation:

bad debt expense = doubtful accounts debit balance + desired balance for doubtful accounts

                              = $39044 + $7030

                              =$ 46,074

answer: kevoto

explanation: be healthy