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b. Essonite Berhad uses the allowance method for estimating uncollectible accounts. January 5 Sold merchandise to Dauphine for RM1,000, terms /30. Apr 15 Received RM200
b. Essonite Berhad uses the allowance method for estimating uncollectible accounts. January 5 Sold merchandise to Dauphine for RM1,000, terms /30. Apr 15 Received RM200 from Dauphine on account August 21 Wrote off as uncollectible the balance of the Dauphine account when she declared bankruptcy. October 5 Unexpectedly received a check for RM250 from Dauphine. Required: Prepare journal entries to record the above transactions. (10 marks)
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