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1. On August 31, 2017, a customer balance for $825 from a prior year was determined to be uncollectable and was written off. (1 Entry)
1. On August 31, 2017, a customer balance for $825 from a prior year was determined to be uncollectable and was written off. (1 Entry)
2. On December 15, 2017, the customer balance for $825 written off on August 31, 2017, was collected in full. ( 2 Entries)
Prior to recording the following, E. Perry Electronics, Incorporated, had a credit balance of $6,500 in its Allowance for Doubtful Accounts. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)Step by Step Solution
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