Question

	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.

Answer 1

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)