Mint Company, which uses the allowance method, has an account receivable from Lana Freer of $4,400 that
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Mint Company, which uses the allowance method, has an account receivable from Lana Freer of $4,400 that it deems to be uncollectible. Prepare the entries on May 31 to write off the account and on August 13 to record an unexpected receipt of $1,000 from Freer. The company does not expect to collect more from Freer. SE-8
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