ACC 2316 Chapter 8 Classwork 1/1/2019 Sally Miller purchases $500 of merchandise on-account; the cost of the item is $310. 1/31/2019 Sally Miller tells you she lost her job and wants you to accept a note from her rather 4/1/2019 Sally tells you she cannot pay her note, she does not have job yet. 5/2/2019 Sally gets a job and wants to pay cash today to clear her debt to you than write her account off. You both agree with terms of 6% for 60 days. You decide to write the account off using the Allowance method Date Description PR Debit Credit