In: Accounting
on may 1, 2009, The Smitty corporation sold $2,100 worth of "stuff" on credit to Ms. Sally Price. Ms. Price made a payment of $1,000 on september 15, 2009. After numerous unsuccessful collection attempts, the remaining balance of her account was written off on february 5, 2010. on december 31,2010 Ms. Price won big at Seneca bingo and personally delivered a check to repay her $1,000 debt to the corporation. Prepare the appropriate journal entries for the may 1, september 15, february 5 and december 31 activity.