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Adidea Corp. Estimates that $5,670 of its accounts receivables are uncollectible. How will the company record the transaction? The company will record the uncollectible $5,670 of its accounts receivable as a debit to uncollectible accounts expense and a credit to the account.

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Answer and Explanation:

The journal entry to record the given transaction as follows:

Uncollectible account expense or bad debt Dr $5,670

        To Account receivable $5,670

(being uncollectible account expense is recorded)

Here the expense is debited as it increased the expenses and credited the account receivable as it decreased the asset

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