On January 16,Half Circle Company sold $5,000 of merchandise to Arnold,on account.Half Circle could not collect cash from Arnold and wrote off the account.Prepare a journal entry to record the write-off,assuming Half Circle uses the allowance method.Omit explanation.

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The Answer of On January 16,Half Circle Company sold $5,000 of merchandise to Arnold,on account.Half Circle could not collect cash from Arnold and wrote off the account.Prepare a journal entry to record the write-off,assuming Half Circle uses the allowance method.Omit explanation.

On January 16,Half Circle Company Sold $5,000 of Merchandise to Arnold,on