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indow World extended credit to customer Nile lenkans in the amount of $135,900 for his purchose of window treatments on Agnl 2 . Terms of

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indow World extended credit to customer Nile lenkans in the amount of $135,900 for his purchose of window treatments on Agnl 2 . Terms of the sole are n/150. The cost af the archase to Window World is $50,200. On September 4, Window World determined that Nile Jenkins's account was uncollectuble and wrote off the debt. On December 3 , Mr. lenk iexpectedly paid in full on his occount ecord each Window World transacbon with Nile Jenikinsc In order to demonstrate the write-off and then subsecuent coliection of an account recevable, assume in this example th Indow World rarely extends credt directly, so thus transaction is permitted to use the direct write off method. Remember, however, that in most cases the direct wrie off method not allowed. If an amount box does not requret an entry. leave it blank: To tecord sale, rV150 To record cost of sale Sept. 4 BadDebt Exmense v Accounts. Receivable Jenkins. v To record bad debt Dec.3 Accounts Rexevaber lenkins v Had bedt Expence v To reinstate previously writen olf bad debt Deci.3 Gash \& V Accounts, Recevabientenkens To record full payment Fevothad TOuidi Moy

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