Answer:
- 1. Record the adjusting entry for uncollectible accounts on December 31, 2021.
Dr Bad Debt Expense	$ 13.800  
Cr Allowance for Uncollectible Accounts  $ 13.800
- 2-a. Record the write-off of accounts receivable in 2022.
Dr Allowance for Uncollectible Accounts	$ 12.420  
Cr Accounts Receivable  	$ 12.420
- 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022
Final Balance 2022  
Cr Allowance for Uncollectible Accounts  $ 1.380
- 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Record the write-off of accounts receivable in 2022.
Dr Allowance for Uncollectible Accounts	$ 18.630  
Cr Accounts Receivable  	$ 18.630
- 3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022
Final Balance 2022  
Cr Allowance for Uncollectible Accounts  $ 7.176
Explanation:
Initial Balance  
Dr Accounts Receivable  	$ 152.000
Cash collections on these accounts total $106,000  
Dr CASH	$ 106.000  
Cr Accounts Receivable  	$ 106.000
New Balance
Dr Accounts Receivable  	$ 46.000
Pave estimates that 30% of the uncollected accounts will be uncollectible.  
Dr Bad Debt Expense	$ 13.800  
Cr Allowance for Uncollectible Accounts  $ 13.800
  
FINAL BALANCE 2021  
Dr Accounts Receivable  	$ 46.000
Cr Allowance for Uncollectible Accounts  $ 13.800
In 2022, the company writes off uncollectible accounts of $12,420  
Dr Allowance for Uncollectible Accounts	$ 12.420  
Cr Accounts Receivable  	$ 12.420
Final Balance 2022  
Dr Accounts Receivable  $ 33.580  
Cr Allowance for Uncollectible Accounts  $ 1.380
2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022    
Dr Bad Debt Expense	$ 10.074  
Cr Allowance for Uncollectible Accounts  $ 10.074
a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.    
Record the write-off of accounts receivable in 2022.  
Dr Allowance for Uncollectible Accounts	$ 18.630  
Cr Accounts Receivable  	$ 18.630
3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.  
 Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022  
Final Balance 2022  
Dr Accounts Receivable  $ 14.950  
Cr Allowance for Uncollectible Accounts  $ 7.176