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Dowe Cheatem & Howe, a law firm, started 2017 with accounts receivable of $60,000 and an allowance for uncollectible accounts of $5,000 . The 2017
Dowe Cheatem & Howe, a law firm, started 2017 with accounts receivable of $60,000 and an allowance for uncollectible accounts of $5,000 . The 2017 service revenue on account was $ 400,000, and cash collections on account totalled $410,000 . During 2017Dowe Cheatem & Howe wrote off uncollectible accounts receivable of $ 7,000. At December 31, 2017 , the aging-of -receivables method indicated that Dowe Cheatem & Howe will not collect $10,000 of its accounts receivable. Journalize Dowe Cheatem & Howe (a) service revenue, (b) cash collections on account, (c) write- offs of uncollectible receivablesand (d) bad debt expense for the year. Prepare a T- account for Allowance for Uncollectible Accounts to show your computation of bad debt expense for the year
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