In 2021 Matthews companies first year of operation the following transactions occurred a inventory cost 372,000 was sold on credit to a customer for the total of 524,000 Johnsons use of Perptual inventory system be turned the year June Rudolphs Pacific customers account totalling 7000 see cash was received from customers payment on account 275,000 D June as me that 2.5 of the ending account receivable would be become uncollectible