Prepare the following journal entries.

(b) On March 1, assume that Flora's Company made a credit sale for $3,000 on account to Maryland Company.

On March 15, Floral Company received the amount of $1,500 of the credit sales

On March 30, Maryland Company have liquidity problems and Flora's Company estimate that $1,500 to be uncollectible.

On April 5, Flora's Company made a write-off of uncollectible account for $1,500

On April 30, recovery of an uncollectible account in the allowance method, if Maryland Company pays the $1,500 that was written off, prepare the journal entry or entries.