Aspen Foods, Inc., experienced the following revenue and accounts receivable write-offs:

Suppose Aspen estimates that 4% of (gross) revenues will become uncollectible. Assume all revenues are on credit.

Requirement

1. Journalize service revenue (all on account), uncollectible-accounts expense, and write-offs during March. Include explanations.

Transcribed Image Text:

Accounts Receivable Write-Offs in Service Revenue Month Month February March Totals January $ 94 104 $142 $ 4,300 3,200 $48 January February March $ 27 109 131 109 3,500 $11,000 $198 $136 $382 $48