Question:

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 July1, 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