The following information pertains to the financial statements of Buffalo Supply Company, a provider of plumbing fixtures to contractors in central Pennsylvania.

Required:
Reconstruct all journal entries pertaining to Gross accounts receivable and Allowance for doubtful accounts for the fiscal year ended October 31, 2008. Assume that all revenues are from credit sales. (Hint: Begin by doing a T-account analysis of both accounts, starting with the allowance account.)

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From Income Statements Revenues Bad debt expense From Balance Sheets Gross accounts receivable Less: Allowance for doubtful accounts Net accounts receivable 2008 Fiscal Years Ended October 31 $3,519,444 45,753 2007 2006 $3,877,135 $2,969,981 50,403 38,610 $ 345,044 (54,654) $ 362,349 (74.365) $ 290,390 287,984 $ 282,855 (47,612) $ 235,243