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# Lesson 14 4

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### Lesson 14 4

1. 1. LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2. 2. 2 ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 419 LESSON 14-4
3. 3. ESTIMATING UNCOLLECTIBLE ACCOUNTS EXPENSE Total Sales on Account × Percentage = \$124,500.00 × 1% = CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 page 420 Estimated Uncollectible Accounts Expense \$1,245.00 LESSON 14-4
4. 4. 4 ANALYZING AND RECORDING AN ADJUSTMENT FOR UNCOLLECTIBLE ACCOUNTS EXPENSE page 421 3 1 3 2 1. Enter the estimated uncollectible amount. 2. Enter the same amount in the Adjustments Debit column. 3. Label the two parts with a small letter e in parentheses. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-4
5. 5. 5 TERMS REVIEW page 422  uncollectible accounts  allowance method of recording losses from uncollectible accounts  book value  book value of accounts receivable CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-4
6. 6. 5 TERMS REVIEW page 422  uncollectible accounts  allowance method of recording losses from uncollectible accounts  book value  book value of accounts receivable CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-4