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Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is
Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. 2. No. Date Account Titles and Explanation Mar. 31 1. On March 31, a $1,000 customer balance originating in 2020 is judged uncollectible. On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31. 2. May 31 May 31 (To reverse write-off) Date (To record collection of write-off.) Allowance for Doubtful Accounts Dec. 31, 2020 Dec. 31, 2020 Explanation Ref. Balance Adjusting Debit Debit Credit 27,187 Credit Balance 11,400 38,587
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