Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). assume the current balance in allowance for doubtful accounts is an $8,000 debit. (c) of the above accounts, $5,000 is determined to be specifically uncollectible. prepare the journal entry to write off the uncollectible account. (d) the company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in (c). prepare the journal entry(ies) necessary to restore the account and record the cash collection.

Dr Bad Debt Expense$ 13,000

Cr Allowance for Uncollectible Accounts$ 13,000

Dr Accounts receivable$ 5,000

Cr Allowance for Uncollectible Accounts$ 5,000

Dr Cash$ 5,000

Cr Accounts receivable$ 5,000

Explanation:

Dr Bad Debt Expense$ 13,000

Cr Allowance for Uncollectible Accounts$ 13,000

Because the company already has a DEBIT balance ($8,000) in the Allowance for Doubtful Accounts it's necessary to register an entry that COMPENSATE ($13,000) the existing value and reflect the value estimated as bad debts ($5,000).

Dr Accounts receivable$ 5,000

Cr Allowance for Uncollectible Accounts$ 5,000

Dr Cash$ 5,000

Cr Accounts receivable$ 5,000

3,500 beverages

explanation:

answer; balance sheets;