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2) On September 24, 2023, the XYZ Company had written-off their client's account receivable in the amount of $800. However, the XYZ Company had a
2) On September 24, 2023, the XYZ Company had written-off their client's account receivable in the amount of $800. However, the XYZ Company had a collections agency pursue the bad debt and was able to settle a portion of the debt for $500. Prepare the JE for the collection and reversal of the bad debt. i. ii. 3) Prepare the JEs for each transaction below: On March 31, 2023, 10 customers were billed for consulting services totaling $25,000. a. b. On October 31, a customer balance of $1,500 from a prior year was determined to be uncollectible and was written-off
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