2-Sal Company unexpectedly receives payment of $3,200 cash from Joey Company toward its previously written-off account. Record the transaction to reinstate the account previously written off.

3-Sal Company unexpectedly receives payment of $3,200 cash from Joey Company toward its previously written-off account. Record the cash receipt.

required B Prepare journal entries to record the allowance method. thank you.

Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,200 from Joey Company. May 21 Sal Company unexpectedly receives payment of $3,200 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Prepare journal entries to record the direct write-off method. Journal entry worksheet Sal Company determines that it cannot collect its accounts receivable of $3,200 from Joey Company. Note: Enter debits before credits