Record the transactions in the journal enteries and post to the ledger accounts for allowance for doubtful accounts and bad debt expenses. keep running balances. (Debit to be recorded first and then credit)

2019

Dec.31 Estimated that bad debt expense for the year was 4 percent of credit sales of $389,500 and recorded that amount as expense.

31 Made the closing entry for bad debt expense 2020

Mar. 26 Sold inventory to Mallory Viller, $10,200.00, on credit terms of 2 / 10, n / 30 . Ignore cost of goods sold

Sep. 15 Wrote off Mallory Viller's account as uncollectible after repeated efforts to collect from her Nov. 10 Received $5,400 from Viller, along with a letter stating her intention to pay her debt in full within 30 days. Reinstated her account in full

Dec. 5 Received the balance due from Viller

Dec. 31 Made a compound entry to write off the following accounts as uncollectible

Bill Kappy $1900 Marie Cuty $840.00 and Rupert Robertson$ 12,280

Dec. 31 Estimated that bad debt expense for the year was 3 percent of credit sales of $830,000 and recorded the expense.

Dec. 31 Made the closing entry for the bad debt expense.