On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Oval Co. estimates that 10% of its accounts receivable balance of $90,000 will become uncollectible and records the necessary adjustment to the Allowance for Doubtful Accounts. On May 11, 2022, Oval Co. determined that J. Martz account was uncollectible and wrote off $2,100. On June 12, 2022, Martz paid the amount previously written off.

Instructions

Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022.