The September 30, 2013, records of Media Communications include these accounts:
Accounts Receivable.................................... $242,000
Allowance for Doubtful Accounts ............... (8,300)

During the year, Media Communications estimates doubtful-account expense at 1% of credit sales. At year-end, 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 balance. Post the entries from Requirement 1 to that account.
3. Show how Media Communications will report its accounts receivable in a comparative balance sheet for 2013 and 2012. Use the three-line reporting format. At December 31, 2012, the company€™s Accounts Receivable balance was $212,000, and the Allowance for Doubtful Accounts stood at$4,300.

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Nov 30 Wrote off as uncollectible the $1,500 account receivable from Brown Carpets and the $500 account receivable from Rare 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 1-30 Days 61-90 Days 31-60 Days $40,000 3% Over 90 Da ys $230,000 Estimated $135,000 0.3% $41,000 25% $14,000 percent uncollectible 12%