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After Aging Its Accounts Receivable at December 31, Howland Company

Question 59

Essay

After aging its accounts receivable at December 31, Howland Company estimates that $68,000 of the $835,000 outstanding accounts receivable will prove uncollectible. The Allowance for Doubtful Accounts has a debit balance of $6,200 prior to adjustment. In the space provided, prepare the adjusting entry required by Huey in this situation:
 Dec. 31 \begin{array} { | l | l | l | l | } \hline \text { Dec. 31 } & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}

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