4. Give journal entries to adjust the allowance for uncollectibles account at the end of the year?

The Allowance for Uncollectible Accounts has a $400 debit balance prior to adjustment. Based on an aging schedule of accounts receivable prepared on December 31, $11,800 of accounts receivable are estimated to be uncollectible.
4. Give journal entries to adjust the allowance for uncollectibles account at the end of the year?
You have a $400. debit balance in the allowance account. When you're done with the adjustment, it must have an $11,800. balance on the credit side. To obtain this, we must credit the account for $12,200. When the debit of $400. is subtracted away, you will have $11,800. on the credit side.





debit uncollectable accounts expense 12,200.


credit allowance for doubtful accounts 12,200.





Allowance for doubtful accounts is a CONTRA asset account and is contra to Accounts Receivable.





I hope this helps
Reply:You need to adjust the $400 to $11,800, for the correct amount, that would likely be adding journal entry of -$11,400 to the Allowance for Uncollectible Accounts