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Record the write-off of accounts receivable

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During 2021, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2021, cash collections on these accounts total $101,000. Pave estimates that 25% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $9,225.

Problem 1: Record the write-off of accounts receivable in 2022.

Problem 2: Assume the same facts as above but assume actual write-offs in 2022 were $14,760. Record the write-off of accounts receivable in 2022

Reference no: EM132665576

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