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During the year ended December 31, 2015, Kelly's Camera Shop had sales revenue of $170,000, of which $85,000 was on credit. At the start of

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During the year ended December 31, 2015, Kelly's Camera Shop had sales revenue of $170,000, of which $85,000 was on credit. At the start of 2015, Accounts Recoivablo showed a $10,000 dobit balance and the Allowance for Doubtful Accounts showed a $600credit balance. Collections of accounts receivable during 2015 amounted to $68,000 Data during 2015 follow aOn December 10, a customer balance of $1,500 from a prior year was determined to be uncollectible, so it was written off bOn December 31, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the year Required: 1. Give the required joumal entries for the two events in December. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the estimated bad debt losses at 2 percent of credit sales for the year. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2015 Record ontry Clear entry Vlow general Journal

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