The September 30, 2013, records of Up-To-Date Communications include these accounts:Accounts Receivable……………………………… $243,000Allowance for Doubtful Accounts …………… (8,100)During the year, Up-To-Date Communications estimates doubtful-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in Allowance for Doubtful Accounts to correspond to the aging schedule. During the last quarter of 2013, the company completed the following selected transactions:Requirements1. Record the transactions in the journal. Explanations are not required.2. Prepare a T-account for Allowance for Doubtful Accounts with the appropriate beginning balances. Post the entries from Requirement 1 to that account.3. Show how Up-To-Date Communications will report its accounts receivable in a comparative balance sheet for 2012 and 2013. Use the three-line reporting format. At December 31, 2012, the company’s Accounts Receivable balance was $211,000, and the Allowance for Doubtful Accounts stood at$4,700.
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The September 30 2013 records of Up To Date Communications inc

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