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What is the entry when the Account receivable is created

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Questions -

Q1) What is the entry when the Account receivable is created?

Q2) What is the entry when the Account receivable is paid?

Q3) What is the Allowance for Uncollectible Accounts?

Q4) There are two different ways to account for uncollectible accounts; what are they and what is the difference in these 2 methods?

Q5) What is the journal entry to write off an Account receivable under the direct charge off method?

Q6) What is the journal entry to record the recovery of a previously written off an Account receivable under the direct charge off method?

Q7) What is the journal entry to write off an Account receivable under the allowance method?

Reference no: EM132681646

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