The September 30, 2013, records of Up-To-Date Communications include these accounts:
Accounts Receivable.................................... $243,000
Allowance for Doubtful Accounts ............... (8,100)

During the year, Up-To-Date Communications estimates doubtful-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in Allowance for Doubtful Accounts to correspond to the aging schedule. During the last quarter of 2013, the company completed the following selected transactions:

Requirements
1. Record the transactions in the journal. Explanations are not required.
2. Prepare a T-account for Allowance for Doubtful Accounts with the appropriate beginning balances. Post the entries from Requirement 1 to that account.
3. Show how Up-To-Date Communications will report its accounts receivable in a comparative balance sheet for 2012 and 2013. Use the three-line reporting format. At December 31, 2012, the company€™s Accounts Receivable balance was $211,000, and the Allowance for Doubtful Accounts stood at$4,700.

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Nov 30 Wrote off as uncollectible the $1,600 account receivable from Cheap Carpets and the $400 account receivable from Retired Antiques. Adjusted the Allowance for Doubtful Accounts and recorded doubtful-account expense at year-end, based on the aging of receivables, which follows. Dec 31 Age of Accounts Accounts Receivable $231,000 Estimated percent uncollectible 1-30 Days $139,000 0.2% 31-60 Days $53,000 0% 61-90 Days $20,000 15% Over 90 Days $19,000 35%