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Question 29 of 29 -/11 View Policies Current Attempt in Progress The Sheridan Company uses the allowance method in accounting for uncollectible accounts Past experience

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Question 29 of 29 -/11 View Policies Current Attempt in Progress The Sheridan Company uses the allowance method in accounting for uncollectible accounts Past experience indicates that 6% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2021. and December 31, 2022 appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2021 $482.000 80,000 4,100 12/31/2022 $546,000 200,000 ? Record the following events in 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem.) Aug. 10 Determined that the account of Kurt West for $1.200 is uncollectible Sept 12 Determined that the account of il Lynch for $2.800 is uncollectible, Oct 10 Received a check for $430 as payment on account from Kurt West, whose account had previously been written off as uncollectible. Date Account Titles and Explanation Debit Credit (To reinstate Kurt West account previously written off) (To record collection)

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