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09-10-2019
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During 2021, Jacobsen wrote off $19,700 in receivables and recovered $7,700 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $48,500. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021?

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11-10-2019

Answer:

Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021?

$36500

Explanation:

Wrotte Off 19700

recover 7700

Allowance for uncollectible 48500

Allowance for uncollectible report 36500

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