Journal entries for the allowance method. Data related to sales on account of Emmons Corporation appear below:

Emmons Corporation estimates that 3.0 percent of sales on account will become un- collectible.

a. Prepare journal entries to recognize bad debt expense and to write off uncol- lectible accounts for Year 1, Year 2, and Year 3 using the allowance method.

b. Does 3.0 percent of sales on account appear to be a reasonable rate for estimating uncollectibles?(Appendix)

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Accounts Written Off as Uncollectible in Year Sales on Year Account 1 2 3 5 Total 1 $1.500.000 $2,300 $18,600 $ 9,000 $ 29.900 2 1,800.000 3.500 24,900 3 2,400,000 - 4,100 $5,700,000 $2,300 $22,100 $38,000 $ 7,800 31,900 $39,700 36.200 $11,700 47.700 $11,700 $113,800