On December 31, 2019, Ling Co. estimated that 2% of its net accounts receivable of $450,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. The allowance account had a zero balance before adjustment on December 31, 2019. On May 11, 2020, Ling Co. determined that the Jeff Shoemaker account was uncollectible and wrote off $1,100. On June 12, 2020, Shoemaker paid the amount previously written off. Prepare the journal entries on December 31, 2019, May 11, 2020, and June 12, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)Instructions Prepare the journal entries on December 31, 2019, May 11, 2020, and June 12, 2020.

The required journal are as follows:

On December 31, 2019:

Debit Bad debt expense (2% x $450,000)              $9,000

Credit Allowance for doubtful accounts                  $9,000

(To record estimated bad debt expense)

On May 11, 2020:

Debit Allowance for doubtful accounts                    $1,100

Credit Accounts receivable                                       $1,100

(To write-off accounts receivable from Jeff Shoemaker)

On June 12, 2020:

Debit Accounts receivable                                        $1,100

Credit Allowance for doubtful accounts                   $1,100

(Reversal of accounts receivable from Jeff Shoemaker)

On June 12, 2020:

Debit Cash                                                                  $1,100

Credit Accounts receivable                                       $1,100

(Recognition of payment from Jeff Shoemaker)

Explanation: