LESSON 17-1
Uncollectible Accounts

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2

ESTIMATING AND RECORDING
UNCOLLECTIBLE ACCOUNTS EXPENSE

Total Sales
on Account

×

Percentage

$1,287,330.00

×

1.0%
...
3

ANALYZING AND JOURNALIZING AN
ADJUSTMENT FOR UNCOLLECTIBLE
ACCOUNTS EXPENSE

page 516

1
2
1. Enter and label credit am...
4

POSTING AN ADJUSTING ENTRY FOR
UNCOLLECTIBLE ACCOUNTS EXPENSE

page 517

1. Debit
2. Credit

1

2

CENTURY 21 ACCOUNTIN...
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Lesson 17 1

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Lesson 17 1

  1. 1. LESSON 17-1 Uncollectible Accounts CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  2. 2. 2 ESTIMATING AND RECORDING UNCOLLECTIBLE ACCOUNTS EXPENSE Total Sales on Account × Percentage $1,287,330.00 × 1.0% page 515 Estimated = Uncollectible Accounts Expense = CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning $12,873.30 LESSON 17-1
  3. 3. 3 ANALYZING AND JOURNALIZING AN ADJUSTMENT FOR UNCOLLECTIBLE ACCOUNTS EXPENSE page 516 1 2 1. Enter and label credit amount. 2. Enter and label debit amount. 3. Record adjusting entry. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 3 LESSON 17-1
  4. 4. 4 POSTING AN ADJUSTING ENTRY FOR UNCOLLECTIBLE ACCOUNTS EXPENSE page 517 1. Debit 2. Credit 1 2 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1

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