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At December 31, 2018, Get Away Travel has an Accounts Receivable balance of $91,000. Allowance for Uncollectible Accounts has a credit balance of $890 before
At December 31, 2018, Get Away Travel has an Accounts Receivable balance of $91,000. Allowance for Uncollectible Accounts has a credit balance of $890 before the year-end adjustment Service revenue (all on account) for 2018 was $650,000. Get Away estimates that its uncollectible-account expense for the year is 4% of service revenue. Read the requirement. Requirement Make the year-end entry to record uncollectible-account expense. (Record debits first, then credits. Journal Entry Accounts Date Debit Credit 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. Dec 31 Print Done Show how Accounts Receivable and the Allowance for Uncollectible Accounts are reported on the balance sheet at December 31, 2018. DAL ARICE CUCCT ID till Choose from any list or enter any number in the input fields and then continue to the next question. Show how Accounts Receivable and the Allowance for Uncollectible Accounts are reported on the balance sheet at December 31, 2018. BALANCE SHEET (Partial) Current assets: Less: Choose from any list or enter any number in the input fields and then continue to the next
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