Reference no: EM131542509

Assignment

Martin Store had service revenue on account for the year of $300,000 and cash collections of $ 130,000. Martin Store had a $2,100 credit balance in the Allowance for Uncollectible at the beginning of the year. During the year, uncollectible accounts receivable of $2,000 were written off. At December 31, an aging of accounts receivable indicated that Martin Store will not collect $10,000 of its remaining accounts receivable. Create a Journalize the entries to record (1), the service revenue(2), the cash collections(3),the write-off of the uncollectible receivables and (4) the year end entry to record Uncollectible Account Expense.