12-31-X5 Uncollectible Accounts Expense
Allow. for Uncollectible Accounts
To add 3% of sales to the allowance account ($2,500,000 X 3% = $75,000)
3-15-X3 Allow. for Uncollectible Accounts
To write-off of an uncollectible account
06-30-X3 Accumulated Depreciation
Sold equipment costing $100,000 for $10,000. The equipment was 75% depreciated on the date of sale.
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