At December 31,2021, Wonder of the World Travel has an Accounts Receivable balance of $89,000....
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Accounting
At December Wonder of the World Travel has an Accounts Receivable balance of $ Allowance for Uncollectible Accounts has a credit balance of $ before the yearend adjustment. Service revenue all on account for was $ Wonder of the World estimates that its uncollectibleaccount expense for the year is of service revenue. Read the requirement. Make the yearend entry to record uncollectibleaccount expense. Record debits first, then credits. Exclude explanations from any journal entries. Journal Entry tableJournal,,,Date,Accounts,Debit,CreditDec Show how Accounts Receivable and the Allowance for Uncollectible Accounts are reported on the balance sheet at December BALANCE SHEET Partial Current assets:
At December Wonder of the World Travel has an Accounts Receivable balance of $ Allowance for Uncollectible Accounts has a credit balance of $ before the yearend adjustment. Service revenue all on account for was $ Wonder of the World estimates that its uncollectibleaccount expense for the year is of service revenue.
Read the requirement.
Make the yearend entry to record uncollectibleaccount expense. Record debits first, then credits. Exclude explanations from any journal entries.
Journal Entry
tableJournal,,,Date,Accounts,Debit,CreditDec
Show how Accounts Receivable and the Allowance for Uncollectible Accounts are reported on the balance sheet at December
BALANCE SHEET Partial
Current assets:
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