Question
The following information relates to City of Arlington Airport (an Enterprise Fund) Airlines using the airport were billed $3,700,000 for rental rights to use ticket
The following information relates to City of Arlington Airport (an Enterprise Fund) Airlines using the airport were billed $3,700,000 for rental rights to use ticket counters and landing and maintenance space. Of this amount, $3,000,000 is expected to be colectible. The entry in the Enterprise Fund would be: a. Debit Estimated Uncollectible Accounts $10,000 Debit Accounts Receivable $3,600,000 Credit Revenues $3,700,000 Ob. Debit Accounts Receivable $3,700,000 Debit Uncollectible Accounts Expense $10,000 Credit Revenues $3,700,000 Credit Estimated Uncollectible Accounts $ 10,000 Oc. Debit Cash $3,700,000 Debit Uncollectible Accounts Expense $ 10,000 Credit Revenues $3,700,000 Credit Estimated Uncollectible Accounts $ 10,000
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