Sparkle Spa Corporation
	Transactions for 2015 and 2016
May 12, 2015	Provide service to customers on account	$80,000
August 19, 2015	Recieve cash from customers on account	$65,000
December 31, 2015	Estimated A/R that will not be received	20%
April 4, 2016	Provide service to customers on account	$73,000
June 22, 2016	Recieve cash from customers for services	$8,000
July 2, 2016	Finds out a customer who owed $2,000 now cannot pay his Account Recievable. So Sparkle Spa will write off this account	$2,000
October 19, 2016	Recieve cash from customers for services	$42,000
December31,2016	Estimated A/R that will not be received	20%

		Sparkle Spa Corporation
		2015 Journal Entries
Date	Account		Debit	Credit
May 12, 2015	Accounts Recievable
	Service Revenue
	Provide services on account.
Aug 19, 2015	Cash
	Accounts Recievable
	Recieve cash on account
Dec 31, 2015	Bad Debt Expense
	Allowance for Uncollectable Accounts
	Estimate future bad debts