Lesson 17 1
- 1. LESSON 17-1 Uncollectible Accounts CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
- 2. 2 ESTIMATING AND RECORDING UNCOLLECTIBLE ACCOUNTS EXPENSE Total Sales on Account × Percentage $1,287,330.00 × 1.0% page 515 Estimated = Uncollectible Accounts Expense = CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning $12,873.30 LESSON 17-1
- 3. 3 ANALYZING AND JOURNALIZING AN ADJUSTMENT FOR UNCOLLECTIBLE ACCOUNTS EXPENSE page 516 1 2 1. Enter and label credit amount. 2. Enter and label debit amount. 3. Record adjusting entry. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 3 LESSON 17-1
- 4. 4 POSTING AN ADJUSTING ENTRY FOR UNCOLLECTIBLE ACCOUNTS EXPENSE page 517 1. Debit 2. Credit 1 2 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1