A Newly Created Design Business Called Smart Art Is Just $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline\end{array}$$

question 146

Essay

A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the aging method to account for uncollectible account expense,and has calculated an amount of $200 as their estimate of uncollectible amounts at year-end.Show the journal entry required to record Uncollectible account expense at the end of the year.
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Definitions:

Channel

A medium through which a message is transmitted from a sender to a receiver.

Channel Noise

Channel noise is interference or distortion that disrupts the clarity of a message being communicated between a sender and receiver across a channel.

Malpractice Insurance

A type of liability insurance protecting professionals against claims of negligence or incompetence from their clients.

Quantity Enhances Quality

The idea that increasing the amount of something may indirectly improve its quality or value.