Assume Oak Leaf Foods, Inc., experienced the following revenue and accounts receivable write-off s:

Suppose Oak Leaf estimates that 3% of revenues will become uncollectible.

Requirement
1. Journalize service revenue (all on account), bad-debt expense, and write-off s during May. Includeexplanations.

Transcribed Image Text:

Accounts Receivable Write-Offs in Month Service March Totals S139 137 113 S389 Month Revenue pri May March S 6,750 6,950 7,050 $20,750 $51 $ 88 104 April $ 33 113 S146 ay $51 S192