© South-Western Educational Publishing ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS Uncollectible Accounts Expense Accounts Receivable.

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© South-Western Educational Publishing ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS Uncollectible Accounts Expense Accounts Receivable Allowance for Uncollectible Accounts DebitCredit Lesson 20-1, page 528

© South-Western Educational Publishing ESTIMATING UNCOLLECTIBLE ACCOUNTS EXPENSE   Total SalesEstimate Uncollectible on Account  Percentage=Accounts Expense $982,  1%=$9, Lesson 20-1, page 529

© South-Western Educational Publishing ANALYZING AND JOURNALIZING AN ADJUSTMENT FOR UNCOLLECTIBLE ACCOUNTS EXPENSE Record the adjusting entry. 1. Enter and label credit amount. 2.Enter and label debit amount. 33 Lesson 20-1, page 530

© South-Western Educational Publishing POSTING AN ADJUSTING ENTRY FOR UNCOLLECTIBLE ACCOUNTS EXPENSE Debit 2.Credit Lesson 20-1, page 531

© South-Western Educational Publishing T ERMS REVIEW uncollectible accounts allowance method of recording losses from uncollectible accounts book value book value of accounts receivable Lesson 20-1, page 532