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3. On December 31, 2008, Stark Resorts estimated that 1.5 percent of its net sales of $400,000 would become uncollectible. The company recorded this amount
3. On December 31, 2008, Stark Resorts estimated that 1.5 percent of its net sales of $400,000 would become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. On May 11, 2009, Stark Resorts determined that Thanos's account was uncollectible and wrote off $1,000. On June 12, 2009, Thanos paid the amount previously written off. Instructions: Prepare the journal entries on December 31, 2008; May 11, 2009; and June 12, 2009
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