T. J. Race Company uses the direct write-off method for recording Bad Debts Expense. At the beginning of 2012, Accounts Receivable has a $116,000 balance. Journalize the following transactions for T. J. Race:
2012
Mar. 13 Wrote off S. Rossel’s account for $2,000.
Apr. 14 Wrote off P. Soula’s account for $850.
2013
Nov. 8 P. Soula paid bad debt of $850 that was written off April 14, 2012.
Dec. 7 Wrote off J. Milton’s account as uncollectible, $265.
Dec. 12 Wrote off D. Longway’s account for $325 due from sales made on account in 2012.