实用会计英语（ 第二版） 高职高专会计与电算化会计类 李海红 Chapter 13 Accounts Receivable.pptVIP

尚辅网 尚辅网 Account receivable Account receivable Account receivable Account receivable Account receivable Uncollectible accounts  or bad debts Uncollectible accounts Uncollectible accounts Uncollectible accounts Example Uncollectible accounts Example Methods used in estimating the allowance Percentage of credit sales method Percentage of credit sales method Percentage of credit sales method Percentage of credit sales method Example Percentage of credit sales method Example Accounts receivable aging method Accounts receivable aging method Accounts receivable aging method Example Accounts receivable aging method Example Accounts receivable aging method Example Percentage of receivables method Percentage of receivables method Percentage of receivables method Percentage of receivables method Percentage of receivables method Example Percentage of receivables method Example Percentage of receivables method Example 尚辅网 The journal entry on December 31 ? December 31 Uncollectible Accounts Expense $10,000 Allowance for Uncollectible Accounts $10,000 尚辅网 WE ARE SAILING RIGHT ALONG!! 2 2 3 3 4 3 5 3 6 6 8 6 10 11 11 12 12 13 13-* 尚辅网 ACCOUNTS RECEIVABLE CHAPTER 13 尚辅网 Sales on credit to customers Account receivable Accounts owned to the company 尚辅网 Credit sales Collection The balance of Accounts receivable account Increase Decrease 尚辅网 Suppose the sale is made for cash… The entry? Cash 1,000 Revenues from Sales 1,000 尚辅网 Suppose the sale is made on credit… The entry? Accounts Receivable 1,000 Revenues from Sales 1,000 尚辅网 When the debt is collected … The entry? Cash 1,000 Account receivable 1,000 尚辅网 The accounts that can’t be collected are called uncollectible accounts or bad debts. 尚辅网 Under the matching rule, expenses should be matched against with the sales. The uncollectible accounts are incurred in the process of making sales revenues, and they should be recorded as the expenses