EB4 EB4. LO 9.2 Laminate Express extended credit to customer Amal Sunderland in the amount of S244,650 for his January 4 purchase of flooring Terms of the sale are 2/30/120. The cost of the purchase to Laminate Express is $88,440. On April 3. Laminate Express determined that Amal Sunderland's account was uncollectible and wrote off the debt On June 22, Amal Sunderland unexpectedly pand 30% of the total amount due in cash on his account Record each Laminate Express transaction with Amal Sunderland. In order to demonstrate the write-off and 3 then subsequent collection of an account recervable 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 0 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 EBS EB5. LO 9.2 Olena Mirrors records bad debt using the allowance, income statement method. They recorded $343,160 in accounts receivable for the year and $577,930 in credit sales. The uncollectible percentage is 4.4%. On May 10, Olena Mirrors identifies one uncollectible account 5 from Elsa Sweeney in the amount of $2,870. On August 12, Elsa Sweeney unexpectedly pays 5 $1,441 toward her account. Record journal entries for the following. 7 A Year-end adjusting entry for 2017 bad debt 8 B. May 10, 2018 identification entry C. Entry for payment on August 12, 2018 10 9 11 12. 13 14 15 16 17 18 EB6 EB6. LO 9.2 Olena Mirrors records bad debt using the allowance, balance sheet method. They recorded $343.160 in accounts receivable for the year and $577.930 in credit sales. The uncollectible percentage is 4.4%. On June 11, Olena Mirrors identifies one uncollectible account from Nadia White in the amount of $4,265 On September 1, Nadia Chernoff unexpectedly pays $1,732 toward her account. Record journal entries for the following. A Year-end adjusting entry for 2017 bad debt B June 11, 2018 identification entry 3 C. Entry for payment on September 14, 2018 20 11 12 13 15 16 17 18