Question

During trs year of operations, $55,000. The companys the ing Garden Plan, Inc. had method to forc of 5497.000 Mon e s Industry experience in the mount of credits Al December 31, 2018 accounts recei ta 2. Make pig's only for collect Show how ring should report cours count expensing the percent of method e on the December 31, 2018 1. Make Spring journal entry for not account openssing the percent of method f or the credit che esploration from Date Credit

Answer 1

Date	Account	Debit	Credit
Dec 31	Uncollectible-Account expense ($497000 * 2%)	$9940
	Allowance for uncollectible accounts		$9940

(2)Account receivable in Balance Sheet:

Accounts receivable	$55000
Less Allowance for uncollectible accounts	$9940
Accounts receivable, net	$45060