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At the beginning of 2017, EZ Tech Company's Accounts Receivable balance was $154,000, and the balance in Allowance for Doubtful Accounts was $2,600. EZ Tech's

At the beginning of 2017, EZ Tech Company's Accounts Receivable balance was $154,000, and the balance in Allowance for Doubtful Accounts was $2,600. EZ Tech's sales in 2017 were $1,160,000, 90% of which were on credit. Collections on account during the year were $740,000. The company wrote off $4,000 of uncollectible accounts during the year.

How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign.

Balance Sheet Income Statement
Stockholders' Net
Assets = Liabilities + Equity Revenues Expenses = Income

Accounts PayableAllowance for Doubtful AccountsBad Debts ExpenseCashSales RevenueNo EntryCash

fill in the blank 764ffff3b068fc7_2

Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsCashSales RevenueNo EntryNo Entry

fill in the blank 764ffff3b068fc7_4 fill in the blank 764ffff3b068fc7_5

Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsCashSales RevenueNo Entry

fill in the blank 764ffff3b068fc7_7

Accounts PayableAllowance for Doubtful AccountsBad Debts ExpenseCashSales RevenueNo Entry

fill in the blank 764ffff3b068fc7_9 fill in the blank 764ffff3b068fc7_10

Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debts ExpenseSales RevenueNo EntryAccounts Receivable

fill in the blank 764ffff3b068fc7_12

Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsCashSales RevenueNo EntryNo Entry

fill in the blank 764ffff3b068fc7_14 fill in the blank 764ffff3b068fc7_15

Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsCashSales RevenueNo Entry

fill in the blank 764ffff3b068fc7_17

Accounts PayableAccounts ReceivableAllowance for Doubtful AccountsBad Debts ExpenseSales RevenueNo Entry

fill in the blank 764ffff3b068fc7_19 fill in the blank 764ffff3b068fc7_20

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