Question 2: At December 31, Sami Co has accounts receivable balance $500,000 Sami Co, estimates that 5% of these receivables will prove uncollectible. On March 1, 2019, Sami Co. write-off of the $500 balance owed by Nasser Co. On July, 2019 Nasser Co. pays the $500 amount that Sami Co. had written off on March 1. Prepare the journal entries and the ledger account for Accounts receivables and Allowance for doubtful accounts The answer: The General Journal Date Debit Credit Dr. Accounts receivable Dr Allowance for Doubtful Accounts CR