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During the year ended December 31, 2015, Kelly's Camera Shop had sales revenue of $185,000, of which $92,500 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 $185,000, of which $92,500 was on credit. At the start of 2015, Accounts Receivable showed a $10,000 debit balance and the Allowance for Doubtful Accounts showed a $630 credit balance. Collections of accounts receivable during 2015 amounted to $71,000. Data during 2015 follow a. On December 10, a customer balance of $1,650 from a prior year was determined to be uncollectible, so it was written off. b. On 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 jounal entries for the two events in December. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X: Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,650. 1 hich is Record the estimated bad debt losses at 2 percent of credit sales for the year 2 Credit Note:journal entry has been entered F2 F3 F4

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