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1. Service revenue on account, $940,000 (assume no cost of goods sold). 2. Collections on aocount, $870,DD0. 3. Write-offs of uncollectibles, $7,800. 4. Bad debt
1. Service revenue on account, $940,000 (assume no cost of goods sold). 2. Collections on aocount, $870,DD0. 3. Write-offs of uncollectibles, $7,800. 4. Bad debt expense, 1 percent of service revenue. Journalize Warm Weather Travel's July-December 2022 transactions at the end of the first year (December 31 , 2022 ), and show updated balance sheet totals
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