Record the following selected transactions for Allistar Company during its first two months of operations:
Mar. 4 Performed services for various customers on account; $165,000,
15 Collected $80,000 from credit customers.
20 Determined that Tom Williams, a credit customer, would not be paying his
$5,000 account; wrote it off.
25 Tom Williams came into an inheritance and paid Allistar the amount written off on March 20.
Apr. 2 Performed services for various customers on account; $280,000,
9 Collected $110,000 from credit customers.
30 Allistar estimated bad debt expense to be $8,000.