In the log provided, prepare journal entries for the following operations. 

December 1st sold for $600 to Katurah Wells.

12 Charged $400 from Katurah Wells.

31 An adjustment entry was made for Uncollectible Accounts Expense using the percentage of net sales method. Net sales for the year amounted to $14,000, with uncollectible accounts estimated at 2 percent, and Allowance for Uncollectible Accounts has a $50 credit balance before adjusting.

February 5 wrote off Katurah Wells' balance as she filed for bankruptcy.

17 Unexpectedly received $200 from Katurah Wells.

Answer rating: 100% (QA)

Date December 1 December 1 December 12 December 12 December 31 December 31 February 5 Februa... View the full answer