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2) Mankow, Inc., a calendar-year company, uses an allowance method to account for its uncollectible accounts. Record the journal entries for the following: 03/01 Mankow
2) Mankow, Inc., a calendar-year company, uses an allowance method to account for its uncollectible accounts. Record the journal entries for the following: 03/01 Mankow sold merchandise for $43,000 to Stork, Inc. on account. Cost of Goods Sold was $30,000. 05/30 11/04 Joe Stork, owner of Stork, Inc., skipped town. Mankow wrote off the account as uncollectible. Joe came back. He struck it rich and paid Mankow $25,000. A B C D E LL F 1 03/01 2 3 4 5 6 05/30 7 00 8 9 11/04 10 11 12 13 14 15 16 17 18
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