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EB4. [00 9.2 Laminate Express extended credit to customer Amal Sunderland in the amount of 5244,650 for hic January 4 purchase of flooring. Terms of

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EB4. [00 9.2 Laminate Express extended credit to customer Amal Sunderland in the amount of 5244,650 for hic January 4 purchase of flooring. Terms of the sale are 2/30,n/120. The cost of the p.raliase co Laminate Express is $88,440. On April 5, Laminate Express determined that Amal Sunderland's account was uncollectible and wrote off the debt. On June 22. Amal Sunderland unexpectedly paid 30\% of the total amount due in cash on his account. Record each Laminate Express transaction with Amal Sunderland. In order to demonstrate the writeoff and then subsequent collection of an account receivable, assume in this example that Laminate Express rarely extends credit directly, so this transaction is permitted to use the direct write-off method. Remember. though, that in most cases the direct write-off method is not allowed

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