Question:

Help with Accounting Problem Please?=)?

by  |  earlier

0 LIKES UnLike

Show how the T account would look like after all postings have been made. Assume an opening balance of $900.

Feb. 13 Wrote off an individual account for $100

21 Reinstated the account written off on Feb. 13

Jul 8 Wrote off an individual account for $700

Dec. 31 Made year end adjustment of $800 for estimated

uncollectible accounts.

Allowance for Uncollectible Accounts

___________________________

(dr) (cr)

 Tags:

   Report

1 ANSWERS


  1. It's impossible to draw a T here.

    opening balance of $900 (Credit the T)

    Feb. 13 Wrote off an individual account for $100 (Debit)

    21 Reinstated the account written off on Feb. 13 (Credit)

    Jul 8 Wrote off an individual account for $700 (Debit)

    Dec. 31 Made year end adjustment of $800 for estimated

    uncollectible accounts. (Credit)

    After the above, the debit side total is $800, and the credit side total is $1,800, so the account has a credit balance of $1,000

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.