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On December 31, 2017, Dita Co. estimated that 2% of its net sales of $450,000 will become uncollectible. On May 11, 2018, Dita Co. determined
On December 31, 2017, Dita Co. estimated that 2% of its net sales of $450,000 will become uncollectible. On May 11, 2018, Dita Co. determined that the Ali Zak account was uncollectible and wrote off $1,100. On June 12, 2018, Ali Zak paid the amount previously written off. Required: a) Prepare the journal entry for December 31, 2017. Account Titles Debit Credit b) Prepare the journal entry for May 11, 2018. Account Titles Debit Credit c) Prepare the journal entry for June 12, 2018. Account Titles Debit Credit
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