Question

Wilson’s Auto Repair ended 2011 with Accounts Receivable of $85,000 and a credit balance in Allowance for Uncollectible Accounts balance of $11,000. During 2012, Wilson’s Auto Repair had the following activity:
a. Service revenue earned on account, $545,000.
b. Collections on account, $575,000.
c. Write-offs of uncollectibles, $19,000.
d. Bad debt expense, estimated as 3% of service revenue.
Journalize Wilson’s Auto Repair’s activity for 2012.



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  • CreatedApril 29, 2014
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