Presentation is loading. Please wait.

Presentation is loading. Please wait.

LESSON 14-4 5/14/2018 LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment.

Published bySharon Payne Modified over 6 years ago

Similar presentations

Presentation on theme: "LESSON 14-4 5/14/2018 LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment."— Presentation transcript:

1 LESSON 14-4 5/14/2018 LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment

2 ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS
page 419 LESSON 14-4

3 ESTIMATING UNCOLLECTIBLE ACCOUNTS EXPENSE
page 420 Estimated Uncollectible Accounts Expense = Percentage × Total Sales on Account $124,500.00 × 1% = $1,245.00 LESSON 14-4

4 ANALYZING AND RECORDING AN ADJUSTMENT FOR UNCOLLECTIBLE ACCOUNTS EXPENSE
page 421 3 1 2 1. Enter the estimated uncollectible amount. 2. Enter the same amount in the Adjustments Debit column. 3. Label the two parts with a small letter e in parentheses. LESSON 14-4

5 TERMS REVIEW uncollectible accounts
page 422 uncollectible accounts allowance method of recording losses from uncollectible accounts book value book value of accounts receivable LESSON 14-4

Download ppt "LESSON 14-4 5/14/2018 LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment."

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-5 Planning and Recording Depreciation Adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-5 Planning and Recording Depreciation Adjustments.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-1 Distributing Corporate Earnings to Stockholders.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-1 Distributing Corporate Earnings to Stockholders.
Distributing Dividends and Preparing a Worksheet for a Merchandising Business.

Distributing Dividends and Preparing a Worksheet for a Merchandising Business.
Chapter 7 – Work Sheet for a Service Business

Chapter 7 – Work Sheet for a Service Business
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-2 Planning Adjusting Entries on a Work Sheet  Planning adjustments on a work sheet.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-2 Planning Adjusting Entries on a Work Sheet  Planning adjustments on a work sheet.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-4 Planning and Recording an Allowance for Uncollectible Accounts Adjustment.
Chapter 20 Accounting for Uncollectible Accounts Receivable.

Chapter 20 Accounting for Uncollectible Accounts Receivable.
Accounting for Uncollectible Accounts Receivable.

Accounting for Uncollectible Accounts Receivable.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-5 Planning and Recording Depreciation Adjustments.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-5 Planning and Recording Depreciation Adjustments.
UNCOLLECTAB LE ACCOUNTS. Accounting for Uncollectable Accounts Receivable Businesses sell to customers on account to encourage sales. Businesses conduct.

UNCOLLECTAB LE ACCOUNTS. Accounting for Uncollectable Accounts Receivable Businesses sell to customers on account to encourage sales. Businesses conduct.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1 Uncollectible Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1 Uncollectible Accounts.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-2 Beginning an 8-Column Work Sheet for a Merchandising Business.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-2 Beginning an 8-Column Work Sheet for a Merchandising Business.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1 Uncollectible Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1 Uncollectible Accounts.
CHAPTER 17 Uncollectible Accounts. 2 ESTIMATING AND RECORDING UNCOLLECTIBLE ACCOUNTS EXPENSE page 515 Estimated Uncollectible Accounts Expense =Percentage×

CHAPTER 17 Uncollectible Accounts. 2 ESTIMATING AND RECORDING UNCOLLECTIBLE ACCOUNTS EXPENSE page 515 Estimated Uncollectible Accounts Expense =Percentage×
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-3 Planning and Recording a Merchandise Inventory Adjustment  Merchandise inventory.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-3 Planning and Recording a Merchandise Inventory Adjustment  Merchandise inventory.
STEP 4: WORKSHEET AND TRIAL BALANCE. RECORDING A TRIAL BALANCE ON A WORK SHEET LESSON 14-22 page 410 1 3 2 1.Account title 2.Account balance 3.Total,

STEP 4: WORKSHEET AND TRIAL BALANCE. RECORDING A TRIAL BALANCE ON A WORK SHEET LESSON page Account title 2.Account balance 3.Total,
Section 3Estimating Uncollectible Accounts Receivable What You’ll Learn  How to use the percentage of net sales method to determine the estimated uncollectible.

Section 3Estimating Uncollectible Accounts Receivable What You’ll Learn  How to use the percentage of net sales method to determine the estimated uncollectible.
© South-Western Educational Publishing ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS Uncollectible Accounts Expense Accounts Receivable.

© South-Western Educational Publishing ALLOWANCE METHOD OF RECORDING LOSSES FROM UNCOLLECTIBLE ACCOUNTS Uncollectible Accounts Expense Accounts Receivable.
CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 15 TERM REVIEW merchandise inventory page 418.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 15 TERM REVIEW merchandise inventory page 418.
© 2000 South-Western Educational Publishing SUPPLIES ADJUSTMENT ON A WORK SHEET 1 2 3.Label the two parts of this adjustment with a small letter a in parentheses,

© 2000 South-Western Educational Publishing SUPPLIES ADJUSTMENT ON A WORK SHEET Label the two parts of this adjustment with a small letter a in parentheses,

Similar presentations

Ads by Google