Business, 23.03.2020 20:28, tesiabrown10

Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover, Inc. experienced the following four accounting events in 2016:
1. Recognized $70,000 of revenue on account.
2. Collected $64,000 cash from accounts receivable.
3. Wrote off uncollectible accounts of $600.
4. Recognized uncollectible accounts expense. Grover estimated that uncollectible accounts expense will be 3 percent of sales on account.
Required:
(a) Record the above transactions in general journal form.

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Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover, Inc. ex...