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Sandhill Compary uses the allowance method for estimating uncollectible accounts. Prepare...

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Accounting

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Sandhill Compary uses the allowance method for estimating uncollectible accounts. Prepare journal entries to record the following transactions. Omit cost of goods sold entries. (Credit account titles are outomatically indented when the amount is entered. Do not indent manualhy. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.) January 5 Sold merchandise to Ryan Seacrest for $2,300, terms n/15. April 15 Received $490 from Ryan Seacrest on account. August 21 Wrote off as uncollectible the balance of the Ryan Seacrest account when he declared bankruptcy. October 5 Unexpectedly recelved a check for $700 from Ryan Seacrest

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