March 15 Received $2,500 partial payment on a $5,000 accounts receivable balance. Wrote off the rest of the account as uncollectible.

To calculate the remaining balance after receiving a partial payment and writing off the rest as uncollectible, follow these steps:

1. Subtract the partial payment amount from the accounts receivable balance:

Accounts receivable balance = $5,000
Partial payment received = $2,500

$5,000 - $2,500 = $2,500

After subtracting the partial payment, the remaining balance is $2,500.

2. Write off the account as uncollectible:
Since you want to remove the remaining balance from accounts receivable as it is uncollectible, you'll need to record it as an expense. Generally, the expense is recorded as "Bad Debt Expense" or "Allowance for Doubtful Accounts." Consult your specific accounting guidelines or company policies for the exact account to be used.

For this example, let's assume the expense account is "Bad Debt Expense."

To write off the $2,500 remaining balance, you would record the following journal entry:

Debit: Bad Debt Expense $2,500
Credit: Accounts Receivable $2,500

This entry reduces the accounts receivable balance by $2,500 and recognizes it as bad debt expense.

Please note that these are general guidelines, and it's advisable to consult with an accountant or refer to your company's accounting policies for accurate recording and reporting.