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On December 31,2021 , when its Allowance for Doubtful Accounts had a credit balance of $1,200, Nash's Trading Post, LLC estimates that 6% of its
On December 31,2021 , when its Allowance for Doubtful Accounts had a credit balance of $1,200, Nash's Trading Post, LLC estimates that 6% of its accounts receivable balance of $90,000 will become uncollectible. On March 3,2022, Nash's Trading Post, LLC determined that Megan Jost's account of $900 was uncollectible. On May 15,2022 , Jost paid the amount previously written off. Prepare the journal entries for December 31, 2021, March 3, 2022 and May 15, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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