Atlas Travel ended 2009 with Accounts Receivable of $90,000 and an Allowance for Uncollectible Accounts balance of

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Atlas Travel ended 2009 with Accounts Receivable of $90,000 and an Allowance for Uncollectible Accounts balance of $8,000. During 2010, Atlas Travel had the following activity:

a. Service revenue earned on account, $600,000.

b. Collections on account, $580,000.

c. Write-offs of uncollectibles, $15,000.

d. Uncollectible accounts expense, estimated as 2% of service revenue. Journalize Atlas Travel’s activity for 2010.

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Financial Accounting

ISBN: 9780136060482

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Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 11, 2024 11:04 PM

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Atlas Travel ended 2009 with Accounts Receivable of $90,000 and an Allowance for Uncollectible Accounts balance of

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Financial Accounting

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