Mankow, Inc., a calendar-year company, uses an allowance method to account for its uncollectible accounts. Record the journal entries for the following: 03/01 Mahkow sold merchandise for $43,000 to Stork, Inc. on account. Cost of Goods Sold was $30,000. 05/30 Joe Stork, owner of Stork, Inc., skipped town. Mankow wrote off the account as uncollectible. 11/04 Joe came back. He struck it rich and paid Mankow $25,000.