7.At December 31, before adjusting and closing the accounts had occurred, the Al

Question

7.At December 31, before adjusting and closing the accounts had occurred, the Allowance for Doubtful Accounts of Seaboard Corporation showed a debit balance of $4,000. An aging of the accounts receivable indicated the amount probably uncollectible to be $2,800. Under these circumstances, a year-end adjusting entry for uncollectible accounts expense would include a: Credit to the Allowance for Doubtful Accounts for $1,100 Debit to Allowance for Doubtful Accounts 1,100. Debit to Uncollectible Accounts Expense 2,100. Debit to Uncollectible Accounts Expense 5,300.

Explanation / Answer

.Debit to Uncollectible Accounts Expense 6,800. Since the Allowance for Doubtful Accounts has a debit balance of $4000 and the required balance is $2800, Uncollectible Accounts Expense must be $6800 ($4000 + $2800).

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