On April 1, 1998, Kelley Company, which uses the allowance method of accounting for uncollectible accounts, wrote

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On April 1, 1998, Kelley Company, which uses the allowance method of accounting for uncollectible accounts, wrote off Bob Dyer's \(\$ 400\) account. On December 14, 1998, the company received a check in that amount from Dyer marked "in full payment of account." Prepare the necessary entries.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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