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What is balance of allowance for uncollectible accounts

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Reference no: EM13511394

The Accounts Receivable account of Samson Company shows a debit balance of $52,000 at the end of the year. An aging analysis of the individual accounts indicates estimated uncollectible accounts to be $3,350.

Prepare the entry to record the uncollectible accounts expense, under each of the following independent assumption:

(a) Allowance for Uncollectible Accounts has a credit balance of $400 before adjustment, and
(b) Allowance for Uncollectible Accounts has a debit balance of $400 before adjustment. What is the balance of Allowance for Uncollectible Accounts after each of these adjustments?

Reference no: EM13511394

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