51) Jackson Company began Year 3 with balances of $125,000 i…
51) Jackson Company began Year 3 with balances of $125,000 in accounts receivable and $5,200 in theallowance for doubtful accounts. Jackson experienced the following events during Year 3:1. Jackson provided $75,000 in services to customers on account.2. Jackson collected $50,000 cash from its accounts receivable.3. Jackson wrote off $2,000 of accounts receivable it determined to be uncollectible.4. Adjusted the accounts to recognize uncollectible accounts expense for the year. Jackson estimates that uncollectible accounts expense will be 4% of revenue on account. Required: Prepare the journal entries for the above events. Each bolded blank is worth 1 point. (11 points total). (Please Type out Entire Account Title) Event Account Title Debit Credit (1) a $ b Cr. Service Revenue (2) c $ e d (3) f $ h g (4) i $ k j