Handel Company uses the allowance method for estimating uncollectible accounts. January 5 Sold merchandise to Terry Richman for $2,000, terms n/15.
April 15 Received $600 from Terry Richman on account.
August 21 Wrote off as uncollectible the balance of the Terry Richman account when she declared bankruptcy.
October 5 Unexpectedly received a check for $300 from Terry Richman. It is not felt any more will be received from Richman.
Prepare journal entries to record the above transactions: (Credit account titles are automatically indente

Entries are given below

Explanation:

January 5 - Sold Merchandise

                                                           DEBIT      CREDIT

Receivable - Terry                            $2,000

Sales Revenue                                                     $2,000

April 15 - Received $600 from terry

                                                                DEBIT      CREDIT

Cash                                                         $600

Receivable - Terry                                                      $600

August 21 wrote off uncollectable debt

                                                                    DEBIT      CREDIT

Allowance for debt (2000-400)                $1,400

Receivable - Terry                                                           $1,400

October 5 Received a check

                                                                DEBIT      CREDIT

Receivable - Terry                                   $300

Allowance for doubtful debt                                     $300

i think you have to let the moderators that you want your old account to be activated.

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself