Handel Company uses the allowance method for estimating uncollectible accounts. Prepare journal entries to record the following transactions: 
Definitions:
Straight-line Method
A depreciation method where the value of an asset is reduced evenly over its useful life.
Journal Entries
Records of financial transactions in the accounting system, indicating the accounts and amounts to be debited and credited.
Equipment Cost
The purchase price of machinery and tools required for manufacturing or providing services, excluding ongoing operating expenses.
Salvage Value
The calculated sale amount an asset is deemed to achieve after its useful life concludes.
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