Help Save & Exit 17 Endal Part 7 of 8 2 point HO Assessment 7: At the beginning of Year 3 Omega... Print References At the beginning of Year 3 Omega Company had a $52,000 balance in its accounts receivable account and a $1.400 balance in allowance for doubtful accounts. During Year 3. Omega experienced the following events. (1) Omega earned $220,000 of revenue on account. (2) Collected $230,000 cash from accounts receivable. (3) Wrote-off $1,000 of accounts receivable as uncollectible. Omega estimates uncollectible accounts to be 4% of receivables. Which of the following journal entries would be necessary to recognize uncollectible accounts expense at the end of Year 3? Chapter 7 Videos Assignment (graded) Saved Help Save & 17 Required information Credit Part 7 of Account Titles Uncollectible Accounts Expense Allowance for Doubtful Accounts Debit 1,640 1,640 2 point Debit Credit Account Titles Uncollectible Accounts Expense Uncollectible Accounts Expense 1,640 1,640 Print References Credit Account Titles Uncollectible Accounts Expense Allowance for Doubtful Accounts Debit 1,240 1,240 Credit Account Titles Uncollectible Accounts Expense Uncollectible Accounts Expense Debit 1,240 1,240 Drey 17 18 of 50 Next >