At December$31,2018,$ Wonder of the World Travel has an Accounts Receivable balance of $ $90$ comma $000.$ Allowance for Uncollectible Accounts has a credit balance of $ $820$ before the$$ year$-$end adjustment. Service revenue$($all on$$ account$)$ for $2018$ was $ $850$ comma $000.$ Wonder of the World estimates that its$$ uncollectible$-$account expense for the year is $4\%$ of service revenue.

Make the$$ year$-$end entry to record$$ uncollectible$-$account expense. $($Record debits$$ first, then credits. Exclude explanations from any journal$$ entries.$)$

Answer rating: 100% (QA)

ANSWER To record the yearend adjustment for uncollectible account expense we need to calculate th... View the full answer