Chapter 8 Problems Mark Jackson is unable to pay his balance due of \$550. Black Dog Fencing company has written his account balance off of their books. What is the journal entry the company will record to write off Mark Jackson's balance if the company uses the allowance method? 1. It is later determined that Mark Jackson is able to pay off his debt to Black Dog Fencing Company. What joumal entry will the company record under the allowance method? 2. On March 14, Alex Johansen purchased $12,000 worth of goods from your company. On September 1 , he called to report that he is unable to pay his account balance and requests to convert his Accounts Receivable balance to a Note Receivable by signing a 6-month promissory note at 6%. A. What journal entry will the company record on September 1 to convert the accounts receivable balance to a Notes Receivable