On december 31, 2020, cheyenne corp. estimated that 3% of its net accounts receivable of $435,200 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, 2020. on may 11, 2021, cheyenne corp. determined that the jeff shoemaker account was uncollectible and wrote off $2,176. on june 12, 2021, shoemaker paid the amount previously written off. prepare the journal entries on december 31, 2020, may 11, 2021, and june 12, 2021. (credit account titles are automatically indented when amount is entered. do not indent manually. record journal entries in the order presented in the problem.)

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)