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Question 3 (12 points) The following information is available for K.M.R Company, which uses the allowance method of accounting for uncollectible accounts. $50,000 Accounts receivable

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Question 3 (12 points) The following information is available for K.M.R Company, which uses the allowance method of accounting for uncollectible accounts. $50,000 Accounts receivable balance, 1/1/19 Allowance for doubtful accounts, 1/1/19 Service revenue on account, 2019 Collection on accounts receivable, 2019 1,000 441,200 460,200 K.M.R. estimated that 1% of sales on account will be uncollectible. After several attempts at collection, K.M.R. wrote off an account of $400 that could not be collected. Required: Prepare journal entries for the following events (please label your answers below; be sure to use [D] to label all debits and [C] to label all credits): a. 2019 service revenue b. 2019 collection on account c. Write-off of the uncollectible account d. Uncollectible accounts expense for 2019

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