On November 1, 2015 Ealy accepted 3-month 15% note for 6000 m settlement of an overdue amount the journal entry to second accrued at year end. On out 1, 2015 Allen at company accounted 4-month 10% note for $2, 400 m settlement of an acc was accrued Dec 31, 2015 Allen maturity value of note due date. Journal entry. On Jan 16, whole circle sold goods 5000 $ to smith an account. It couldn't be collected last from customer and finally to write of the account. Journal entry to record write off that the company uses allowance method