BE At the end of the year, Mercy Cosmetics' balance of Allowance for
Uncollectible Accounts is $credit before adjustment. The balance of
Accounts Receivable is $ The company estimates that of accounts will
not be collected over the next year. What adjusting entry would Mercy Cosmetics
record for Allowance for Uncollectible Accounts?
Record the adjusting entry for uncollectible accounts O
BE Refer to the information in BE but now assume that the balance of
Allowance for Uncollectible Accounts before adjustment is $debit The
company still estimates future uncollectible accounts to be of Accounts
Receivable. What is the adjusting entry Mercy Cosmetics would record for
Allowance for Uncollectible Accounts? Does the amount of the adjustment differ
from BE If so why?
please answer both parts of the question
