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Revenue and accounts receivable write-off information Accounts Receivable Write-Offs Service Month Revenue January February March Totals January $ 6,800 $ 53 $ 86 $ 139
Revenue and accounts receivable write-off information Accounts Receivable Write-Offs Service Month Revenue January February March Totals January $ 6,800 $ 53 $ 86 $ 139 February 7,000 105 $ 33 138 March 7,500 115 115 21,300 53 191 $ 392 Total 148 $University Travel experienced the following revenue and accounts receivable write-offs: E (Click the icon to view the revenue and accounts receivable write-off information.) University Travel estimates bad debt expense to be $150. Requirements Joumalize service revenue (all on account). bad debt expense, and write-offs during March. Include explanations. Is an estimate of bad debts of $150 being uncollectible reasonable? (E) Begin by preparing the journal entry for service revenue for the month of March. (Record debits first, then credits. Explanations will appear on the last line of the journal entry.) Date Mar Now, prepare the journal entry for bad debt expense for the month of March. (Round you answer to the nearest whole dollar.) Date ' Accounts and Explanations _' Mar lHl |:| |:| %@ Finally, prepare the journal entry for the write-offs during March. Date ' Accounts and Explanations _' Mar -' Bad debt of $150 '5 a 'easmab'e esmate _ of uncollectible accounts based on January's and February's actual is _ot a reasonable estimate uncollected accounts
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