Millennium Associates records bad debt using the allowance, income statement method. They recorded $394,420 in accounts receivable for the year, and $852,270 in credit sales. The uncollectible percentage is 3.6%. On February 5, Millennium Associates identifies one uncollectible account from Molar Corp in the amount of $1,830. On April 15, Molar Corp unexpectedly pays its account in full. Record journal entries for the following. A. Year-end adjusting entry for 2017 bad debt B. February 5, 2018 identification entry C. Entry for payment on April 15, 2018 If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. A. Dec. 31, 2017 Bad Debt Expense Allowance for Doubtful Accounts To record bad debt expense, income statement method B. Feb. 5, 2018 Allowance for Doubtful Accounts Accounts Receivable: Molar To record bad debt for identified customer 1,830 1,830 X C. Apr. 15, 2018 Accounts Receivable: Molar Allowance for Doubtful Accounts To reinstate previously written-off bad debt Apr. 15, 2018 Cash Accounts Receivable: Molar To record full payment 1,830 1,830 1,830 1,830