Olena Mirrors records bad debt using the allowance, income statement method. They recorded

$343,160 in accounts receivable for the year and $577,930 in credit sales. The uncollectible percentage is 4.4%.

On May 10, Olena Mirrors identifies one uncollectible account from Elsa Sweeney in the amount of $2,870. On August 12, Elsa Sweeney unexpectedly pays $1,441 toward her account. Record journal entries for the following.

A. Year-end adjusting entry for 2017 bad debt B. May 10, 2018 identification entry C. Entry for payment on August 12, 2018