Accounting for Receivables

At December 31, 2019, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2020, Finzelberg wrote off accounts totaling $11,000. One of those accounts ($1,800) was later collected. At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000.

Finzelberg Company
Journal Entries