Question: 5-20 Please show all work. LO 5 E5-20A. (Learning Objective 5: Apply GAAP for uncollectible receivables 2021, Waco Travel Agency has an Accounts Receivable balance

5-20 Please show all work. LO 5 E5-20A. (Learning Objective 5:

5-20 Please show all work.

LO 5 E5-20A. (Learning Objective 5: Apply GAAP for uncollectible receivables 2021, Waco Travel Agency has an Accounts Receivable balance of $93,000.. Uncollectible Accounts has a credit balance of $870 before the year-end adju revenue (all on account) for 2021 was $800,000. Waco estimates that its unci expense for the year is 1% of service revenue. Make the year-end entry to res account expense. Show how Accounts Receivable and Allowance for Uncolli are reported on the balance sheet at December 31, 2021

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