bad debt percentage is 10%

Exercise 5-22 Complete the accounting cycle using receivable transactions (LO5-1,5-2,5-4,5-5,5-7) (GL) The general ledger of Pop's Fireworks includes the following account balances in 2021; Credit Debit $ 22,400 44,500 $3,400 8,500 22,000 91,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (8%, due in 2 years) Land Accounts Payable Comon Stock Retained Earnings Service Revenue Salaries Expense utilities Expense Supplies Expense Totals 13,500 130,000 30, 500 126,000 71,500 26,000 17,500 $303,400 $303,480 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $13,000. All services on account include terms 2/10, 1/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $8,000 November 15 Write off customer accounts of $3,900 as uncollectible. The following information is available on December 31 View transaction list Journal entry worksheet >