University Travel experienced the following revenue and accounts receivable write-offs. University Travel estimates that 2% of revenues
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University Travel experienced the following revenue and accounts receivable write-offs.
University Travel estimates that 2% of revenues will become uncollectible.
Journalize service revenue (all on account), bad-debt expense, and write-offs during March. Include explanations.
Transcribed Image Text:
Accounts Receivable Write-Offs in Month Service Revenue Total $139 138 115 $392 Month January February March $ 86 105 $6,800 7,000 7,500 $21,300 $53 nuary February $ 33 115 $148 March $53 $191
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Write off 148 Receivable 148 Bad debt expense 150 Receivab...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0135012840
7th edition
Authors: Walter T. Harrison, Charles T. Horngren
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