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On December 15, 2020, Luna's Accounting Services had the following ac Accounts Receivable $ 50,000 (debit) Allowance for Doubtful Accounts $ 2,000 (credit) During December

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On December 15, 2020, Luna's Accounting Services had the following ac Accounts Receivable $ 50,000 (debit) Allowance for Doubtful Accounts $ 2,000 (credit) During December 2020, the following transactions occurred: a. On December 5th, wrote off the account of customer M. Draco for $1, b. During December, Luna performed services in the amount $36,000. $ the remainder on account. c. During December, Luna collected $20,000 from customers on accoun d. At Luna's December 31st year-end, she records her bad debt expens allowance method to account for bad debts and estimates that bad accounts receivable balance at year-end. Required: Record all the transactions for December 2020. Explanations no might be helpful Select accounts from the Chart of Accounts (Add additional accounts if regu Accounts Payable Cash Cost of Goods Sold Sales Revenue de Douenue On December 15, 2020, Luna's Accounting Services had the following ac Accounts Receivable $ 50,000 (debit) Allowance for Doubtful Accounts $ 2,000 (credit) During December 2020, the following transactions occurred: a. On December 5th, wrote off the account of customer M. Draco for $1, b. During December, Luna performed services in the amount $36,000. $ the remainder on account. c. During December, Luna collected $20,000 from customers on accoun d. At Luna's December 31st year-end, she records her bad debt expens allowance method to account for bad debts and estimates that bad accounts receivable balance at year-end. Required: Record all the transactions for December 2020. Explanations no might be helpful Select accounts from the Chart of Accounts (Add additional accounts if regu Accounts Payable Cash Cost of Goods Sold Sales Revenue de Douenue

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