At December 31, 2018 Wonder of the World Travel has an Accounts Receivable balance of...
80.2K
Verified Solution
Question
Accounting
At December 31, 2018 Wonder of the World Travel has an Accounts Receivable balance of $95.000 Allowance for Uncollectible Accounts has a credit balance of $910 before the year end adjustment Service revenue (all on account for 2018 was $900,000 wonder of the World estimates that its uncollectible-account expenses for the year is 3% of service revenue Read the requirement Make the year-end entry to record uncollectito-account expenso (Recor debuts first, then credits Exclude explanations from any journal entries > Inc Journal Entry Accounts Date Debit Credit (0/2) Dec 31 1. Make the year-end entry to record uncollectible-account expense. Show how Accounts Receivable and Allowance for Uncollectible Accounts are reported on the balance sheet at December 31, 2018


Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.