Record the following transactions for Heart and Soul Dance Co. in general journal form.

20-x

Dec. 31 Net sales on account for the period were $640,000. Heart and Soul Dance Co. uses the percentage of sales method of estimating uncollectible accounts. Heart and Soul Dance Co. estimates that 3% of net sales are uncollectible. The balance in Allowance for Bad Debts is a $980 credit.

If an amount box does not require an entry, leave it blank.

Page: 1

DATE DESCRIPTION POST. REF. DEBIT CREDIT

1 Dec. 31 1

2 2

20-y

Jan. 6 The accounts receivable of Marissa Marco was determined to be uncollectible and written off, $6,200.

Mar. 8 Notice was received that Paul Dante, a customer, was bankrupt. His balance of $4,200 was written off.

May 28 Reinstated the Shin Yun account that had been written off in the preceding year as uncollectible. Entered the receipt of $5,400 cash as full settlement of Yun's account.

If an amount box does not require an entry, leave it blank.

Page:

DATE DESCRIPTION POST. REF. DEBIT CREDIT

1 Jan. 6 1

2 2

3 Mar. 8 3

4 4

5 May 28 5

6 6

7 May 28 7

8 8