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The Connecting Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the curre
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Solution:

1) Journal Entries

Date Account Titles and Explanation Debit Credit
Sept. 7 Allowance for uncollectible Accounts $          8,100.00
Accounts Receivables $      8,100.00
(Account receivable write off)
Oct. 15 Allowance for uncollectible Accounts $          2,500.00
Accounts Receivables $      2,500.00
(Account receivable write off)
Nov. 9 Accounts Receivables $          6,000.00
Allowance for uncollectible Accounts $      6,000.00
(Being balance of accounts receivable is reinstate)
Nov. 9 Cash $          6,000.00
Accounts Receivables $      6,000.00
(Being payment received)
Dec. 31 Bad Debts Expenses $          9,500.00
Allowance for uncollectible Accounts $      9,500.00
(Account receivable write off)

2) Balance of Allowance for uncollectible Accounts

Allowance for uncollectible Accounts
Sept.7 $       8,100.00 Beg. $       8,000.00
Oct.15 $       2,500.00 Nov. 9 $       6,000.00
Dec. 31 $       9,500.00
Dec. 31 End $     12,900.00
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