Prepare general journal entries for the following transactions of Viking Company, assuming they use the allowance method to account for uncollectible accounts.
Definitions:
Place Utility
Refers to the increased value that is added to goods by having them available at a location where they are wanted by consumers.
Product Available
The state of having goods or services ready for sale or distribution to consumers.
Marketing Plan
A comprehensive document that outlines a company's advertising and marketing efforts for the coming period, detailing strategies to reach target markets.
Specific Activities
Particular tasks or operations that are designed to achieve certain objectives within a project or process.
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