The following accounts receivable information pertains to Luxury Cruises. Past-Due Category Accounts Receivable Total Percentage Uncollectible 0-30 days $1,166,350 15% 31-90 days $577,870 33% Over 90 days $324,450 48% Using

The following accounts receivable information pertains to Luxury Cruises. Past-Due Category Accounts Receivable Total Percentage Uncollectible 0-30 days $1,166,350 15% 31-90 days $577,870 33% Over 90 days $324,450 48% Using the following accounts, complete all journal entries: Accounts Receivable: Walker Accounts Receivable: Luxury Cruises Allowance for Doubtful Accounts Bad Debt Expense Sales Discount Sales Revenue P LEASE NOTE: All dollar amounts will be with “$” and commas as needed and rounded to two decimal places (i.e. $12,345.67). The estimated uncollectible bad debt for Luxury Cruises in 2018 using the balance sheet aging of receivables method is  . Record the year-end 2018 adjusting journal entry for bad debt. DR CR Assume there was a previous debit balance in Allowance for Doubtful Accounts of $187,450; record the year-end entry for bad debt. DR CR Assume there was a previous credit balance in Allowance for Doubtful Accounts of $206,770; record the year-end entry for bad debt. DR CR On January 24, 2019, Luxury Cruises identifies Landon Walker’s account as uncollectible in the amount of $4,650. Record the entry for identification. DR CR

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