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  3. value: 2.00 polnts during the year ended december

value: 2.00 polnts During the year ended December 31, 2015, Kelly's Camera Shop had salos...

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Accounting

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value: 2.00 polnts During the year ended December 31, 2015, Kelly's Camera Shop had salos revenue of $210,000, of which $105,000 was on credit. At the start of 2015, Accounts Receivable showed a $12,000 debit balance and the for Doubtful Accounts showed a $680 credit balance. Collections of accounts receivable during 2015 amounted to $76,000. Data during 2015 follow: a. On December 10, a customer balance of $1,900 from b. On December 31, a decision was made to continue the accounting poliay of basing estimated bad debt Required: a prior year was determined to be uncollectible, so it was written off losses on 2 percent of aredit sales for the year 1. Give the required jounal entries for the two events in December. (f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fiold.) View transaction list Journal entry worksheet Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,900. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 10, 2015 Record entry Clear entry

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