On July 15,2018,Ellison Brothers Oil Company sold $5,000 of merchandise to S & G Company,on account.Ignore cost of goods sold.Ellison could not collect cash from S & G and wrote off the account on December 31,2018.On November 4,2019,S & G unexpectedly paid $5,000.Journalize the transactions on December 31,2018 and November 4,2019.(Ellison uses the allowance method.)Omit explanations.

Question

On July 15,2018,Ellison Brothers Oil Company sold $5,000 of merchandise to S & G Company,on account.Ignore cost of goods sold.Ellison could not collect cash from S & G and wrote off the account on December 31,2018.On November 4,2019,S & G unexpectedly paid $5,000.Journalize the transactions on December 31,2018 and November 4,2019.(Ellison uses the allowance method.)Omit explanations.
On July 15,2018,Ellison Brothers Oil Company sold $5,000 of merchandise to S & G Company,on account.Ignore cost of goods sold.Ellison could not collect cash from S & G and wrote off the account on December 31,2018.On November 4,2019,S & G unexpectedly paid $5,000.Journalize the transactions on December 31,2018 and November 4,2019.(Ellison uses the allowance method.)Omit explanations.

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The Answer of On July 15,2018,Ellison Brothers Oil Company sold $5,000 of merchandise to S & G Company,on account.Ignore cost of goods sold.Ellison could not collect cash from S & G and wrote off the account on December 31,2018.On November 4,2019,S & G unexpectedly paid $5,000.Journalize the transactions on December 31,2018 and November 4,2019.(Ellison uses the allowance method.)Omit explanations.

On July 15,2018,Ellison Brothers Oil Company Sold $5,000 of Merchandise