Atlas Travel ended 2012 with Accounts Receivable of 90 000 and
Atlas Travel ended 2012 with Accounts Receivable of $90,000 and an Allowance for Doubtful Accounts balance of $8,000. During 2013, Atlas Travel had the following activity:
a. Service revenue earned on account, $600,000.
b. Collections on account, $580,000.
c. Write-offs of un-collectibles, $15,000.
d. Bad Debt Expense, estimated as 2% of service revenue.
Journalize Atlas Travel’s activity for 2013.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help