During 2011, Jimmy Enterprises completed the following transactions:
a. Sales revenue on account, $550,000.
b. Collections on account, $325,000
c. Write-offs of uncollectible, $13,000
d. Uncollectible account expense, 5% of sales revenue
Required:
1. Prepare the journal entries for the above transactions.
Click here for the solution: During 2011, Jimmy Enterprises completed the following transactions
