Prepare the journal entries for the following transactions. (Omit explanations.) Dec. 1 sold merchandise on account to SPA Wells for $600. 12 Received payment of $400 from SPA Wells. 31 Made ad using any for Uncollectible Accounts Expense, using the percentage of net sales method. Net sales for the year totaled $14,000, tuncollectible accounts are estimated at 2 percent, and Allowance for Uncollectible Accounts has a $50 credit balance prior to adjustment Feb. Wrote off SPA Wells's balance because she filed for bankruptcy. 17 Unexpectedly received the $200 from SPA Wells. 5