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Prepare the entry to record uncollectible accounts expense

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Reference no: EM13512183

An aging analysis on June 30 of the accounts receivable of Sung Corporation indicates that uncollectible accounts amount to $86,000. Prepare the entry to record uncollectible accounts expense under each of the following independent assumptions:

a. Allowance for Uncollectible Accounts has a credit balance of $18,000 before adjustment.

b. Allowance for Uncollectible Accounts has a debit balance of $14,000 before adjustment.

Reference no: EM13512183

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