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Suppose Dogwood estimates that 4% of (gross) revenues will become uncollectible. Assume all revenues are on credit Dogwood Foods, Inc., experienced the following revenue and
Suppose Dogwood estimates that 4% of (gross) revenues will become uncollectible. Assume all revenues are on credit Dogwood Foods, Inc., experienced the following revenue and accounts receivable write-offs: (Click the icon to view the revenue and accounts receivable write-off information.) Read the requirement Begin by preparing the journal entry for service revenue for the month of May. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit Data Table May Service Accounts Receivable Write-Offs in Month Month Revenue March April May Totals March $ 4,400 $ 49 $ 84 $ 133 X Requirement April 3,800 104 $ 34 138 4,200 May 110 110 $ 12,400 $ 49 $ 188 $ 144 $ 381 1. Journalize service revenue (all on account), uncollectible accounts expense, and write-offs during May. Include explanations. Print Done Print Done
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