Using the Following Transactions for 2010,show How the T Account

question 128

Essay

Using the following transactions for 2010,show how the T account below would appear after all appropriate postings have been made.Assume an opening balance of $900.
$\begin{array}{lrl}\text { Feb. } & 13 & \text { Wrote off an individual account for } \$ 1,000 . \\& 21 & \text { Reinstated the account written off on February } 13 . \\\text { July }& 8 & \text { Wrote off an individual account for } \$ 700 . \\\text { Dec. }& 31 & \text { Made year-end adjustment of } \$ 800 \text { for estimated uncollectible accounts. }\end{array}$

$$\begin{array}{l}\text { Allowance for Uncollectible Accounts }\\\begin{array} { l | l r } \hline\quad\quad\quad\quad\quad\quad\quad & { 1 / 1 } &\quad\quad\quad 900 \\&\end{array}\end{array}$$

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