would be collected, so he wrote off the entire amount. To make matters worse, Jon sold only $5,300 of services during une year. Required: 1. Prepare journal entries to record the transactions in 2021 and 2022. 2-a. Using only the information provided (ignore other operating expenses). prepare comparative income statements for 2021 and 2022. 2-b. Was 2021 really as profitable as indicated by its income statement? 2-c. Was 2022 quite as bad as indicated by its income statement? Complete this question by entering your answers in the tabs below. Was 2021 really as profitable as indicated by its income statement? Was 2021 realify as profitable as indicated by its income statement? Journal entry worksheet Record the collection of $25,600 from outstanding customer accounts in 2021. Note: Enter debits before credits. would be collected, so he wrote off the entire amount. To make matters worse, Jon sold only $5,300 of services during Required: 1. Prepare journal entries to record the transactions in 2021 and 2022. 2-o. Using only the information provided (ignore other operating expenses), prepare comparative income statements fo 2022. 2-b. Was 2021 really as profitable as indicated by its income statement? 2-c. Was 2022 quite as bad as indicated by its income statement? Complete this question by entering your answers in the tabs below. Was 2022 quite as bad as indicated by its income statement? Was 2022 quite as bad as indicated by its income statement? Journal entry worksheet Record the write-off of outstanding customer balances of $3,600 determined to be uncollectible in 2022. Note: Enter debits before credits. Required: 1. Prepare journal entries to record the transactions in 2021 and 2022. 2-0. Using only the information provided (ignore other operating expenses), prepare comparative income statements for 202 2022 2-b. Was 2021 really as profitable as Indicated by its income statement? 2-c. Was 2022 quite as bad as indicated by its income statement? Complete this question by entering your answers in the tabs below. Using only the information provided (ignore other operating expenses), prepare comparative income statements for 2021 and 2022. Prepare journal entries to record the transactions in 2021 and 2022. (If no entry is required for a transaction/eve Entry Required" in the first account field.) Journal entry worksheet Record the service revenue of $5,300 sold on account in 2022 . Note: Enter debits before credits. Journal entry worksheet Record the service revenue of $29,200 sold on account in 2021 . Note: Enter debits before credits. E8-17 (Algo) (Supplement 8A) Recording Write-Offs and Reporting Accounts Receivable Using the Direct Write-Off Method [LO 8-S1] Trevorson Electronics is a small company privately owned by Jon Trevorson, an electriclan who instalis wiring innew homes, Because the company's financial statements are prepared only for tax purposes, Jon uses the direct write-off method. During 2021 , its first year of operations. Trevorson Electronics sold $29,200 of services on account. The company collected $25,600 of these receivables during the year, and Jon believed that the remaining $3,600 was fully collectible. In 2022 , Jon discovered that none of the $3,600 would be collected, so he wrote off the entire amount. To make matters worse, Jon sold only $5.300 of services during the year. Required: 1. Prepare journal entries to record the transactions in 2021 and 2022 2-a. Using only the information provided (ignore other operating expenses), prepare comparative income statements for 2021 and 2022. 2-b. Was 2021 really as profitable as indicated by its income statement? 2-c. Was 2022 quite as bad as indicated by its income statement