#1 Journalize the following transactions in the accounts of Jones Corporation using the direct-write off method of handling uncollectible accounts.

Feb 3Sold merchandise on account to Jane Rogers, $17,340.The cost of the merchandise sold was $9,500.

Sept 10 Received $5,000 from Jane Rogers on account.

Nov 30Wrote off the remaining balance of Jane Rogers as uncollectible.

Dec 15 Received $7,000 from Jane Rogers on the account previously written off. Remember to first reinstate the account.

#2 Journalize the above transactions in the accounts of Jones Corporation using the allowance method of handling uncollectible accounts.

#3 Record the following transactions:

Apr 18Received a $60,000, 30-day, 7% note from Glenn Cross in settlement of his accounts receivable.

Apr 30Received a $42,000, 60-day, 8% note from Ann Baker in settlement of her accounts receivable.

May 18 Received the amount due from Glenn Cross, including interest.

Jun 29 Received the amount due from Ann Baker, including interest.