Sales on account, $450,000. Ignore Cost of Goods Sold.
	Collections on account, $427,100
	Wrote off accounts receivable as uncollectible: Regan, Co., $1,400; Owen Reis, $800; and Patterson, Inc., $700.
	Recorded bad debts expense based on the aging of accounts receivable, as follows:

	Age of Accounts
	130 Days	3160 Days	6190 Days	Over 90 Days
Accounts Receivable	$104,000	$39,000	$14,000	$8,000
Estimated percent uncollectible	0.3%	3%	30%	35%

Requirement 1. Journalize the transactions (omit explanations). The T-accounts for Accounts Receivable and Allowance for Bad Debts have been opened for you. Post the transactions to the two T-accounts.

Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.)

Sales on account,

$450,000.

Ignore Cost of Goods Sold.