Question #5 Brinkley estimating uncollectible accounts. uses the perpetual inventory system and the allowance method for Instructions Prepare entries to record the following transactions for a company that uses the perpetul inventory method: You may omit explanations. Jan 5 Apr 15 Aug 21 Sold merchandise to Amy Ward for $1,500, terms n/15. The merchandise cost $900. Received partial payment of $500 from Amy Ward. Wrote off as uncollectible the balance of the Amy Ward account when she dedared bankruptcy