1. November 30, High Peaks Party Planners had a $34,000 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Uncollectible Accounts. During December, the store made credit sales of $159,000. December collections on account were $130,000, and write-offs of uncollectible receivables totaled $2,700. Uncollectible-accounts expense is estimated as 1% of revenue.

Journalize sales, collections, write-offs of uncollectible, and uncollectible-account expense by the allowance method during December. Explanations are not required. (10 marks)

Journal

Date	Accounts	Debit	Credit