Make a journal entry:

A. Pane uses the allowance method for receivables, the percentage of credit sales method to determine uncollectible accounts, and has a perpetual inventory system. B. Depreciation is computed using the double-declining balance method and the nearest whole month convention. Amortization is computed using the straight-line method and the whole- year convention. C. Income tax rate is 30%. D. All purchases and expenses are on account unless otherwise indicated. F. All of the property, plant and equipment on the balance sheet as of 1/1/2018 is fully depreciated. Therefore, the only depreciation for the current year will relate to property, plant and equipment that Pane has purchased during the current year. G. Pane does not have a "Sales Discount" account. Therefore, any entries that you want to make to "Sales Discount" should be made directly to "Sales and Service Revenue. A. Pane uses the allowance method for receivables, the percentage of credit sales method to determine uncollectible accounts, and has a perpetual inventory system. B. Depreciation is computed using the double-declining balance method and the nearest whole month convention. Amortization is computed using the straight-line method and the whole- year convention. C. Income tax rate is 30%. D. All purchases and expenses are on account unless otherwise indicated. F. All of the property, plant and equipment on the balance sheet as of 1/1/2018 is fully depreciated. Therefore, the only depreciation for the current year will relate to property, plant and equipment that Pane has purchased during the current year. G. Pane does not have a "Sales Discount" account. Therefore, any entries that you want to make to "Sales Discount" should be made directly to "Sales and Service Revenue