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At Decembes 31, 2021, Wonder of the World Travel has an Accounts Receivable balance of $90,000. Alowance for Uncolectble Accounts has a credit balance of

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At Decembes 31, 2021, Wonder of the World Travel has an Accounts Receivable balance of $90,000. Alowance for Uncolectble Accounts has a credit balance of 5890 before the year-end adjustment. Service revenue (all on account) for 2021 was $650,000. Wonder of the World estimates that its uncollect ble-account expense for the year is 3% of service revenue. Read the fequiroment. Make the year-end entry to record uncolectble-account expenso. (Record debits firat, than credits. Exclude euplanations from any joumal entries.) Requirement 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, 2021

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