1. JOURNAL DateAccounts and explanationDebitCredit Check-in #3 On September 30, Hilly Mountain Party Planners had a $30,000 balance in Accounts Receivable During October, the store made credit sales of $161,000. October collections on account were $137,000. Uncollectible-account expense is estimated as 4% of revenue. Write-offs of uncollectible receivables totaled $2,300. Journalize sales, collections, write-offs of uncollectibles, and bad debt expense for October

2. 2 On September 30, Hilly Mountain Party Planners had a $30,000 balance in Accounts Receivable During October, the store made credit sales of $161,000. October collections on account were $137,000. Uncollectible-account expense is estimated as 4% of revenue. Write-offs of uncollectible receivables totaled $2,300. Journalize sales, collections, write-offs of uncollectibles, and bad debt expense for October

4. JOURNAL DateAccounts and explanationDebitCredit

6. Chapter 5 Practice Problems (Cont.) At the end of the year, Dahir Incorporated's balance of allowance for uncollectible accounts is $1,400 (debit) before adjustment. The company estimates future uncollectible accounts to be $9,900 (Target Balance) based on the A/R aging calculation. Please journalize this transaction. This journal entry will include a: A.) Debit to Bad Debt Expense in the amount of $9,900. B.) Credit to Bad Debt Expense in the amount of $11,300. C.) Debit to Allowance for Uncollectible Account the amount of $11,300. D.) Credit to Allowance for Uncollectible Account the amount of $9,900.

7. Chapter 5 Practice Problems (Cont.) During 2016, its first year of operations, Pave Construction provides services on account of $145,000. By the end of 2016, cash collections on these accounts total $95,000. Pave estimates that 25% of the remaining uncollected accounts a the end of 2016 will be bad debts. Please journalize the estimate for bad debt expense. This journal entry will include a: A.) Debit to Bad Debt Expense in the amount of $12,500. B.) Credit to Bad Debt Expense in the amount of $36,250. C.) Debit to Allowance for Uncollectible Account the amount of $12,500. D.) Credit to Allowance for Uncollectible Account the amount of $36,250.

8. The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2016, before any adjustment: Accounts Receivable = $116,000; Allowance for Uncollectible Accounts = $1,200 (credit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below. Journal the estimate for Bad Debt Expense. This journal entry will include a: A.) Debit to Bad Debt Expense in the amount of $49,550. B.) Credit to Bad Debt Expense in the amount of $50,750. C.) Debit to Allowance for Uncollectible Account the amount of $116,000. D.) Credit to Allowance for Uncollectible Account the amount of $48,350.