Foster Company uses the allowance method to account for uncollectible. On October 31, it wrote off a

Question:

Foster Company uses the allowance method to account for uncollectible. On October 31, it wrote off a $1,200 account of a customer, Gwen Rowe. On December 9, it received an $800 payment from Rowe.
a. Make the appropriate entry or entries for October 31.
b. Make the appropriate entry or entries for December 9.

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