Journal entry for Dec 31 won't fit in picture..I will type it below.

Dec.31 Wrote off B. Shore's account as uncollectible. Ponoma, Inc. Uses the allowance method of providing for credit losses.

Dec.31 Recorded expected credit losses for the year by an adjusting entry. Accounts written off during this first year have created a debit balance in the Allowance for Doubtful Accounts of $240,500. An analysis of aged receivables indicates that the desired balance of the allowance account should be $21,300

Journal Entries for Accounts and Notes Receivable Pomona. Inc. began business on lanuarv 1. Certain transactions for the vear follow: Required Record the foregoing transactions and adjustments in general journal form. (Round all interes Required