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Oriole Company uses the allowance method for estimating uncollectible accounts. January 5 Sold merchandise to Luke Ryan for $1,496, terms n/15. April 15 Received $440

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Oriole Company uses the allowance method for estimating uncollectible accounts. January 5 Sold merchandise to Luke Ryan for $1,496, terms n/15. April 15 Received $440 from Luke Ryan on account. August 21 Wrote off as uncollectible the balance of the Luke Ryan account when he declared bankruptcy. October 5 Unexpectedly received a check for $528 from Luke Ryan. Oriole estimates no additional payments will be received from Ryan. Prepare journal entries to record the above transactions: (Credit account titles are outomatically indented when the omount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.) (To reverse write-off of account) (To record collection of account) Swef for Later: Attempts: o of 1 used

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