The ABC Company has just completed its fourth year of operations. Sales have tripled since in three years and ABCs management has asked you to evaluate its method of accounting for uncollectible accounts. The following information is provided to you. ABC generally writes-off uncollected accounts by the time they are 13 months past due.

11 A A Copy Paste Conditional Format as Cell B I U El Merge & cente ormat painter Formatting Table Styles Clipboard Font Alignment Numb Q7 Uncollectible Accounts GIVEN: The ABC Company has just completed its fourth year of opera ons. Sales have tripled since in three and ABC's management has asked you to evaluate its method of accounting for uncollectible accounts. The following information isi provided to you. ABC generally writes-off uncollected accounts by the time they are 13 months past due Sales: Year 1: $1,100,000 Year 2: $1.600,000 Year 3: $2,000,000 Year 4: $2,200,000 Uncollectible Accounts: 12 Year Account Receivable Year Account Receivable is Written Off 13 Originated Year 1 Year 2 Year 3 Year 4. Total $10,000 $11,000 $21,000 $13,500 ........$12,000 $25,500 16 $17,000 $15,000 $32,000 From Year 3 Sales $17,100: $17,100 $10,000E $24,500: $29,000: $32,100 $95,600 19 REQUIRED 21 Part 1 Assume that the direct write-off method is used. Give the journal entries for Year 1, Year 2 and Year 3 to 22 recognize uncollectible accounts expense. 24 a. Shee Insert Delete Format Cel Autos Sort & Find Cle Filter Select Editing