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Joyce Corp. uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible. The write off of the account will include which of the following entries?

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hyderali230

Answer:

The Write off will include Following accounts

Allowance of Uncollected Account

and

Accounts Receivable

Explanation:

The Entry for Write off will be as follows:

                                                                Dr.             Cr.

Allowance of Uncollected Account   $20,000

Accounts Receivable                                           $20,000

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