A. B. C. Prepare general journal entries to record the four transactions and to adjust the Allowance for Doubtful Debts account. Show how accounts receivable and the allowance for doubtful debts would appear on the balance sheet at 30 June. On 29 June, Toronto Ltd, whose $2400 account had been written off as uncollectable in June, paid its account in full. Prepare journal entries to record the collection.