Mankow, Inc., a calendar-year company, uses an allowance system to account for its uncollectible accounts. Record the following in general journal form. March 1 Sold merchandise for $43,000 to Stork Inc., on account. May 30 Joe Stork, owner of Stork, Inc. skips town. Mankow writes off the account as uncollectible Nov. 4 Joe is back. He struck it rich and pays Mankow $25,000. (2 entries)