To record the reserve, you would debit uncollectible accounts a $100 expense and credit allowance for uncollectible accounts, for the $100. In addition to creating the reserve, this entry ...

When you write off an uncollectible account, ... and if it becomes uncollectible it can credit Accounts Receivable and record the loss in the allowance for doubtful accounts journal entry. ...

Peter Gratton, M.A.P.P., Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, risk management, and public policy. Peter began covering markets at ...

Accounts uncollectible are loans, ... For bookkeeping, it will write off the amount with journal entries as a debit to allowance for doubtful accounts and credit to accounts receivable.

Herein lies the problem, or as I call it, the “odd accounting.” In recording the above journal entry we now have the correct cash and accounts receivable balance. However, we now have an “additional” ...