Johnsen Company Earned Service Revenue on Account of $300,000 and Had

Essay

Johnsen Company earned service revenue on account of $300,000 and had cash collections of $130,000 for the year.During the year,uncollectible accounts receivable of $2,000 were written off.At December 31,an aging-of-accounts receivable schedule indicated that Johnsen Company will not collect $10,000 of accounts receivable.There was a credit balance of $2,100 in the Allowance for Uncollectible Accounts at the beginning of the year.
Required:
Journalize the entries to record (1)service revenue, (2)cash collections, (3)write-off of the uncollectible receivables and (4)the adjusting entry to record Uncollectible-Account Expense.Ignore Cost of Goods Sold.Explanations are not required.