Reconstructing when the allowance method. Selected data from the accounts of Seward Corporation appear next for the year ended December 31, 2008:

The firm makes all sales on account. There were no recoveries during the year of accounts written off in previous years.
Give the journal entries for the following transactions and events during the year:
a. Saks on account.
b. Recognition of bad debt expense.
c. Write-off of uncollectible accounts.
d. Collection of cash from customers from sales onaccount.

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December 31 January 1 SB2,900 Dr. 8,700 Cr. Accounts Receivable, Gross.. Allowance for Uncollectible Accounts Bad Debt Expense.. Sales Revenue $ 87,300 Dr. 9,100 Cr. 4,800 Dr. 240,000 Cr.