File Home Insert Page Layout Formulas Data Review View Help 2 Wrap Text General X Cut La Copy Format Painter Calibri 11AA == BIURA Paste Merge & Center $ . % 8-98 Clipboard Font Alignment Number E1 - D F G H A B 1 Write off using the Allowance method 2 At year-end (December 31), Kneller Company estimates its bad debts as 0.60% of its annual credit sales of $919,000. Kneller records its Bad Debts Expense for that estimate. On the following February 1, Kneller decides that the $460 account of M Monamy is uncollectible and writes it off as a bad debt. On June 5, Monamy 3 unexpectedly pays the amount previously written off. 4 5 Prepare the journal entries for these transactions using the allowance method. 6 Debit Credit General Journal 7 Date No 1 8 9 10 11 12 2 13 14 15 16 17 4 18 19 20 21 22 23 24