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Requirement 1. Record the transactions in the journal and post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been
Requirement 1. Record the transactions in the journal and post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $1,300 (cr) and 0, respectively. Remember to update account balances but ignore posting references. Begin by recording the transactions in the journa Record debits first, then credits. Exclude explanations from any journal entries Jan 17: Sold inventory to Walter Viller, S1,000 on account. Ignore cost of goods sold. Journal Entry Date Debit Accounts Credit Jan Jun 29: Wrote off the Walter Villeraccount as uncollectible after repeated efforts to collect from him. Journal Entry Date Debit Credit Accounts Jun 29 Aug 6: Received $300 from Walter Viller, along with a letter stating his intention to pay within 30 days. Reinstated his account in full. Begin by preparing the entry to reinstate the account. Do not record the receipt of cash, this will be recorded in the next entry. Journal Entry Date Accounts Debit Credit Aug
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