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At December 31, 2019 Amr Co. has accounts receivable balance $400,000. Amr Co. estimates that 5%...

At December 31, 2019 Amr Co. has accounts receivable balance $400,000. Amr Co. estimates that 5% of these receivables will prove uncollectible.

On April 1, 2020, Amr Co. write-off of the $500 balance owed by Nezar Co.

On June 1, 2020 Nezar Co. pays the $500 amount that Sami Co. had written off on March 1.

Prepare the journal entries and the ledger account for Accounts receivables and Allowance for doubtful accounts

Date

Debit

Credit

                                           

Accounts receivable

Allowance for Doubtful Accounts
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