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Prepare general journal entries for the following transactions of Viking Company, assuming they use the allowance method to account for uncollectible accounts. April 1 -

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Prepare general journal entries for the following transactions of Viking Company, assuming they use the allowance method to account for uncollectible accounts. April 1 - Extended the accounts receivable for Adler Co. receiving an 8%, 90-day, $2,500 note. May 10 - Wrote off $1,500 owed by Fairfield Co. June 30 - Adler,Co. was unable to pay its debt and dishonored the notes receivable. July 15 - Fairfield Co. paid the $1,500 previously written off on May 10. Edit View Insert Format Tools Table 12pt Paragraph O words EO

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