Hardy 's Landscape Service 's total revenue on account for 2018 amounted to $273,205 The company, which uses the allowance method, estimates bad debts at percent of total revenue on account Required Journalize the following selected entries 2012 Dec 12 Record services performed on account for E E M...

DATE DESCRIPTION POST REF DEBIT CREDIT 1 2018 1 2 Dec 12 ...

Hardy's Landscape Service's total revenue on account for 2018 amounted to $273,205. The company, which uses the

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Hardy's Landscape Service's total revenue on account for 2018 amounted to $273,205. The company, which uses the allowance method, estimates bad debts at ½ percent of total revenue on account.

Required

Journalize the following selected entries:

2012

Dec. 12 Record services performed on account for E. E. Morton, $245.

31 Record the adjusting entry for Bad Debts Expense.

31 Record the closing entry for Bad Debts Expense.

2013

Feb. 18 Write off the account of E. E. Morton as uncollectible, $245.

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College Accounting A Career Approach

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