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On December 12, 2016, Pace Electronics received $35,600 from a customer toward a cash sale of $356,000 of diodes to be completed on January 16,

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On December 12, 2016, Pace Electronics received $35,600 from a customer toward a cash sale of $356,000 of diodes to be completed on January 16, 2017 What journal entries should Pace record on December 12 and January 16? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date General Journal Debit Credit December 12, 2016 Cash 35,600 Allowance for uncollectible accounts 35,600 320,400 35,600 2 January 16,2017 Cash Allowance for uncollectible accounts Sales revenue 356,000

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