An investor asks you to establish a value for a small office building. The NOI for each year is as follows: YR 1 $102,000, TR 2 $111,000 and YR 3 $118,500. The property is expected to sell for $2.2 million at the end of year three. The investor's required rate of return is 5.5%. The property value is:

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.