Take the study skills assessment. identify one are in which you could improve. then, describe what steps you will take improve in that area.

uncollectible amounts 12,500 debit

      allowance uncollectible amounts 12,500 credi

--to record allowance--

allowance uncollectible amounts 10,000 debit

     accoutns receivables                    10,000 credit

--to record write-off 2021--

Balance of the allowance accounts:

12,500 - 10,000 = 2,500

allowance uncollectible amounts 15,000 debit

     accoutns receivables                    15,000 credit

--to record write-off 2022--

Explanation:

sales         160,000

collection  110,000

AR              50,000

times 25% expected uncollectible amount: 12,500

The allowance method will not recognize additional uncollectible amount expense when doing a write-off it will only do it when the company does the adjusting entry considering their rates and agings of their accounts.