At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: accounts not yet due = $79,000; estimated uncollectible = 7%. accounts 1-30 days past due = $36,000; estimated uncollectible = 25%. accounts more than 30 days past due = $3,000; estimated uncollectible = 65%. record the year-end adjustment for uncollectible accounts, assuming the current balance of the allowance for uncollectible accounts is $1,600 (debit). (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)

Accounts Receivable$ 118,000  

Allowance for Uncollectible Accounts  $ 1,600

Bad debt expense$ 14,880  

Allowance for Uncollectible Accounts  $ 14,880

Accounts Receivable$ 118,000  

Allowance for Uncollectible Accounts  $ 16,480

Explanation:

         Acc. RecAllow.  

7%        $ 79,000  $ 5,530Not yet due

25%    $ 36,000$ 9,0001-30 days

65%  $ 3,000    $ 1,950more than 30 days

        $ 118,000$ 16,480  

Accounts Uncollectible are those credit that the company give and there are not chances of been collected.

When the customers buy products on credits but then the company can't collect the debt, then it's necessary  to write off the unpaid bill as uncollectible .

One way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount

it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduce in the same amount, less assets.

The other way it's to determine a percentage of total amount of accounts receivables as uncollectible, exist many ways to analize the accounts receivable and figure the value of uncollectible.

When the company have the percentage of uncollectible accounts the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c