At December 31, 2016, Fako Travel Agency has an Accounts Receivable balance of $96,000. Allowance for Doubtful Accounts has a credit balance of $830 before the year-end adjustment. Service revenue (all on account) for 2016 was $550,000. Fako estimates that doubtful-account expense for the year is 2% of service revenue. Make the year-end entry to record doubtful-account expense. Show how Accounts Receivable and Allowance for Doubtful Accounts are reported on the balance sheet at December 31, 2016.

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.