Crane Company uses the allowance method for estimating uncollectible accounts. January 5 Sold merchandise to Luke Ryan for $1,768, terms n/15. April 15 Received $520 from Luke Ryan on account. August 21 October 5 Wrote off as uncollectible the balance of the Luke Ryan account when he declared bankruptcy. Unexpectedly received a check for $624 from Luke Ryan. Crane estimates no additional payments will be received from Ryan. Prepare journal entries to record the above transactions: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Jan. 5 Accounts Receivable Apr. 15 Sales Revenue Cash Allowance for Doubtful Accounts Accounts Receivable (To reverse write-off of account) (To record collection of account) Debit Credit Save for Later Last saved 31 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 0 of 1 used Submit Answer