Month of Service: Customer March April May June Tyrone's Trucks $3,200 $1,350 $1,900 $1,850 Vaquez Ltd....

	Month of Service:
Customer	March	April	May	June
Tyrone's Trucks	$3,200	$1,350	$1,900	$1,850
Vaquez Ltd.	2,300	1,800	2,050	4,600
Leo Withers	7,700	4,800	9,168	8,350
Marty White	6,500	3,468	13,000	16,200
Other Accounts Receivable	12,464	23,370	31,086	58,144
	$32,164	$34,788	$57,204	$89,144

The following accounts receivable transactions took place in July

20202020:

Jul.	12	Determined the account of Vaquez Ltd.Vaquez Ltd. was uncollectible and wrote it off.
	15	Collected $ 4 comma 500$4,500 from Tyrone's TrucksTyrone's Trucks for services in the first three months.
	21	Decided the account of Leo WithersLeo Withers was uncollectible and wrote it off.
	24	Collected $ 6 comma 500$6,500 from Marty WhiteMarty White for services in the month of March.
	26	Received a cheque from Leo WithersLeo Withers for $ 10 comma 600$10,600 plus two cheques, of $ 9 comma 709$9,709 each, postdated to September 10 and November 10.
	31	Total sales of service in the month were $ 174 comma 000$174,000; 7575 percent of these were on account and 7070 percent of the sales on account were collected in the month.

Expert Solution

Journal Entries
Date	Account Titles and Explanation	Debit	Credit
Jul. 12	Allowance for Uncollectible Accounts	$4,600
	Accounts Receivable - Vaquez Ltd.		$4,600
	(To record the written off the uncollectible account)
Jul. 15	Cash	$4,500
	Accounts Receivable - Tyrone's Trucks		$4,500
	(To record the collection of accounts receivable)
Jul. 21	Allowance for Uncollectible Accounts	$8,350
	Accounts Receivable - Leo Withers		$8,350
	(To record the written off the uncollectible account)
Jul. 24	Cash	$6,500
	Accounts Receivable - Tyrone's Trucks		$6,500
	(To record the collection of accounts receivable)
Jul. 26	Cash ($10,600 + $9,709 + $9,709)	$30,018
	Unearned Service Revenue		$30,018
	(To record the cash collected for the services to be performed in Sep. and in November)
Jul. 31	Accounts Receivable ($174,000*75/100)	$130,500
	Cash ($174,000*25/100)	$43,500
	Service Revenue		$174,000
	(To record the services provided by cash and on account)
Jul. 31	Cash	$91,350
	Accounts Receivable ($130,500*70/100)		$91,350
	(To record the collection of accounts receivable)

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