Fleming Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable will eventually be uncollectible. Selected account balances on December 31, 2026, and December 31, 2027, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/26 $400,000 60,000 5,200 12/31/27 $500,000 80,000 ?

Fleming Sign Compary uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable witt eventually be uncolfectible. Selected account balances on December 31, 2026, and December 31, 2027 . appear below: Record the following events in 2027. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Aug. 10 Determined that the account of Sue King for $800 is uncollectible Sept. 12 Determined that the account of Tom Young for $3,700 is uncollectible Oct. 10 Fleming received a check for $500 as payment on account from Sue King. whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November. Nov. 15 Received a check for $300 from Sue King as payment on her account