Answer:
Explanation:
The journal entries are shown below:
A. Uncollectible Expense A/c Dr $11,520
To Allowance for doubtful accounts A/c $11,520
(Being the uncollectible expense is recorded)
The computation is shown below:
= $1,152,000 × 1%
= $11,520
B. Uncollectible Expense A/c Dr $12,960
To Allowance for doubtful accounts A/c $12,960
(Being the uncollectible expense is recorded)
The computation is shown below:
= $1,152,000 × 1.5% × 75%
= $12,960
C. Uncollectible Expense A/c Dr $9,816
To Allowance for doubtful accounts A/c $9,816
(Being the uncollectible expense is recorded)
The computation is shown below:
= $12,000 - $2,184
= $9,816
