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Epic Travel ended 2019 with Accounts Receivable at $88,000 and an Allowance for Doubtful Accounts at $8,600. During 2020, Epic Travel completed these transactions 1.

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Epic Travel ended 2019 with Accounts Receivable at $88,000 and an Allowance for Doubtful Accounts at $8,600. During 2020, Epic Travel completed these transactions 1. Service revenue on account, $980,000 (assume no cost of goods sold). 2. Collections on account, $800,000 3. Write-offs of uncollectibles, S6,200 4. Bad debt expense, 1 percent of service revenue Joumalize Epic Travel's 2020 transactions, and show updated balance sheet totals Begin by recording service revenue Service revenue on account, $980,000 (assume no cost of goods sold) (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Debit Credit

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