Freemen Frank’s Company uses the allowance method for estimating

On March 1, 2021, Landon Company acquired real estate
May 5, 2020
The following information is available for Brashham Cards Company
May 5, 2020

Freemen Frank’s Company uses the allowance method for estimating uncollectible accounts.

January 5 Sold merchandise to Mark Ham for $1,700, terms n/15.

April 15 Received $500 from Mark Ham on account.

August 21 Wrote off as uncollectible the balance of the Mark Ham account when he declared bankruptcy.

October 5 Unexpectedly received a check for $600 from Mark Ham. It is not felt any more will be received from Mark

Prepare journal entries to record the above transactions.

 
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