The Brian Corporation expects $180,000 of its credit sales will be uncollected.

Question

The Brian Corporation expects $180,000 of its credit sales will be uncollected.

Select the item that best represents the journal entry needed to account for this information.

$180,000 uncollectible accounts expense debit, $180,000 accounts receivable credit

$180,000 uncollectible accounts expense debit, $180,000 allowance for uncollectible accounts credit

$180,000 allowance for uncollectible accounts debit, $180,000 uncollectible accounts expense credit

$180,000 other revenues and expenses debit, $180,000 accounts receivable credit

$180,000 uncollectible accounts expense debit, $180,000 accounts receivable credit

$180,000 uncollectible accounts expense debit, $180,000 allowance for uncollectible accounts credit

$180,000 allowance for uncollectible accounts debit, $180,000 uncollectible accounts expense credit

$180,000 other revenues and expenses debit, $180,000 accounts receivable credit

Explanation / Answer

$180,000 uncollectible accounts expense debit, $180,000 allowance for uncollectible accounts credit Option B is correct

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