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E Gray and Doherty, a law firm, started 2020 with accounts receivable of $66,000 and an allowance for uncollectible accounts of $4,800. The 2020 service
E Gray and Doherty, a law firm, started 2020 with accounts receivable of $66,000 and an allowance for uncollectible accounts of $4,800. The 2020 service revenue on account was $434,000, and cash collections on account totalled $417,000. During 2020, Gray and Doherty wrote off uncollectible accounts receivable of $7,300. At December 31, 2020, the aging-of-receivables method indicated that Gray and Doherty will not collect $10,100 of its accounts receivable. Journalize Gray and Doherty's (a) service revenue. (b) cash collections on account, (c) write-offs of uncollectible receivables, and (d) bad debt expense for the year Explanations are not required. Prepare a T-account for Allowance for Uncollectible Accounts to show your computation of bad debt expense for the year. centerwin ye Fea Question 2 of 10 Financial statements Net operating revenues Operating expenses Operating income, For te t Non-operating items Interest expense Other Net income Total assets Total shareholders equity - X This his 2020 28.9 24.5 4.4 tera (12) (03) 5 29 5 2500 90.0 ar alti Print Done Rori Than C. Smarch 40 hp
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