Lumberjack, Incorporated manufactures and sells skis and snowboards and uses the allowance method to account for its receivables. Lumberjack sold $16,000 of skis to North Slope Company in January. In March, North Slope encountered financial difficulties due to a much lower than average snowfall and decreased tourism at its ski resort. North Slope declared bankruptcy in June at which time Lumberjack, Incorporated wrote off the $16,000 account receivable. November and December brought record snowfall and North Slope was able to pay the $16,000 owed to Lumberjack on December 15. Prepare the entries on Lumberjacks' books to account for the sale, write-off, and recovery of North Slope's account receivable. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 Record the $16,000 sale of skis to North Slope company in January. Note: Enter debits before credits. Journal entry worksheet Record the write off of $16,000 due to bankruptcy declared by North Slope. Note: Enter debits before credits. Journal entry worksheet Record the recovery of the $16,000 written off. Note: Enter debits before credits. Journal entry worksheet $16,000 amount received from North Slope. Note: Enter debits before credits