Question 12 Not yet answered Joe's Mattresses uses the income statement approach to estimate bad debt. On the year ended April 30, 2020, the company's sales were $727,000 of which 70% are on credit. Management estimated that 1% of all credit sales would be uncollectible. On August 4, 2020, the company wrote off $6,000 worth of accounts receivable owed by Mike Smith. On October 17, 2020, Mike Smith unexpectedly paid half of the amount that he previously owed. Prepare the journal entries to record the bad debt expense associated with the credit sales on April 30, the write-off on August 4 and the collection on October 17 Marked out of 16.00 P Flag question Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Date Account Title and Explanation Debit Credit Apr 30 To record allowance for doubtful accounts for April Aug 4 + To write-off accounts receivable Oct 17 To reinstate amounts previously written off Oct 17 To record receipt of payment from customer