Perez Company experienced the following events during 2013:
1. Recognized $8,500 of service revenue on account
2. Wrote off as uncollectible an account receivable, $35.
3. Prepared adjusting entry to recognize uncollectible accounts expense. Perez expected that 2% of service revenue would not be collected
Required: Show how each of these events would affect the financial statements model, below. Include dollar amounts of increases and decreases. When an account is not affected by a particular event, indicate with NA.

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The Answer of Perez Company experienced the following events during 2013:
1. Recognized $8,500 of service revenue on account
2. Wrote off as uncollectible an account receivable, $35.
3. Prepared adjusting entry to recognize uncollectible accounts expense. Perez expected that 2% of service revenue would not be collected
Required: Show how each of these events would affect the financial statements model, below. Include dollar amounts of increases and decreases. When an account is not affected by a particular event, indicate with NA.

Perez Company Experienced the Following Events During 2013