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Accounts Receivable and Uncollectibles


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LO 1 Describe accounts receivable and how they occur and are recorded.
LO 2 Apply the direct write-off method to account for bad debts.
LO 3 Apply the allowance method to account for bad debts.
LO 4 Estimate uncollectibles using the percent of sales method.
LO 5 Estimate uncollectibles using the percent of accounts receivable method.
LO 6 Estimate uncollectibles using the aging of accounts receivable method.
LO 7 Compute accounts receivable turnover and use it to help assess financial condition.










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