Use the above information to complete the following problem:

2018 Dec. 31 Estimated that bad debts expense for the year was 2% of credit sales of $480,000 and recorded that amount as expense. The company uses the allowance method. Made the closing entry for bad debts expense. 31 2019 Jan. 17 Sold merchandise inventory to Marty Viller, $1,200, on account. Ignore Cost of Jun. 29 Wrote off Marty Viller's account as uncollectible after repeated efforts to collect Aug. 6 Received $1,200 from Marty Viller, along with a letter apologizing for being so Dec. 31 Goods Sold. from him. late. Reinstated Viller's account in full and recorded the cash receipt. Made a compound entry to write off the following accounts as uncollectible: Brandon Kitter, $2,000; Mildred Moffet, $1,300; and Richard Renik, $200. Estimated that bad debts expense for the year was 2% on credit sales of $550,000 and recorded the expense. Made the closing entry for bad debts expense 31 31