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Record the following selected transactions for Allistar Company during its first two months of operations: Mar. 4 Performed services for various customers on account; $165,000.
Record the following selected transactions for Allistar Company during its first two months of operations: Mar. 4 Performed services for various customers on account; $165,000. 15 Collected $80,000 from credit customers. 20 Determined that Tom Williams, a credit customer, would not be paying his $5,000 account; wrote it off. 25 Tom Williams came into an inheritance and paid Allistar the amount written off on March 20. Apr. 2 Performed services for various customers on account; $280,000. 9 Collected $110,000 from credit customers. 30 Allistar estimated bad debt expense to be $8,000
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