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aSecure https.//www.mathl omework aspx?homeworkld 4848974508equestionld- 1&fushed-falseucld-50298718centerwinaye; ACCT 2301 WP Joseph Herma&74/18 815 AM Homework: Chapter 07 Homework 4 2 of 4 (0 complee) Hw Score: 0%, O of 8 pis Score: 0 of 2 pts s7-9 (similar to) Pelernson's Auto Repair ended 2015 wih Accounts receivable of $20,000 and a crealit balance in Alowance tor uncollectble accounts of $5,000. Daing 2016,Peterson's Auto Repair had the Question Hep Cica the icon to view the transactona) Joumalize Peterson's Auto Repar's acivity for 2016 (Record debits frst, then credts Exclude esplanations from any joumal entres a Service revenue earned on account 5410,000 ournal Entry 2016 Servicn ccount. $55.000 e. Wite-offs d Bad outt expense, estimated as 1 percent of service revenus Service revenue eamed on account, $410,000 of uncolectibles, $14 on account Print Done Choose from any list or enter any number in the input felds and then click Check Answer. /4/2018

Explanation / Answer

A.

2016

B.

2016

C.

2015

D.

2016

Date accounts debit credit

A.

2016

Accounts receivable 410000 Service Revenue 410000

B.

2016

Cash 555000 Accounts receivable 555000

C.

2015

Allowance for Doubtful Accounts 14000 Accounts receivable 14000

D.

2016

Bad debt expense (410000*1%) 4100 Allowance for Doubtful Accounts 4100

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