#2 Journalize the transactions in the accounts of Jones Corporation using the allowance method of handling uncollectible accounts.Feb 3 Sold merchandise on account to Jane Rogers, $17,340. The cost of the merchandise sold was $9,500.Sept 10 Received $5,000 from Jane Rogers on account.Nov 30 Wrote off the remaining balance of Jane Rogers as uncollectible.Dec 15 Received $7,000 from Jane Rogers on the account previously written off. Remember to first reinstate the account.#3 Record the following transactions:Apr 18 Received a $60,000, 30-day, 7% note from Glenn Cross in settlement of his accounts receivable.Apr 30 Received a $42,000, 60-day, 8% note from Ann Baker in settlement of her accounts receivable.May 18 Received the amount due from Glenn Cross, including interest.Jun 29 Received the amount due from Ann Baker, including interest.
