3 ut of Take me to the text On February 12. 2020. you discover that your customer Vincent Price, has gone bankrupt. He owes you $1,500, Required a) Prepare the appropriate journal entry to write off bad debt assuming AFDA has already been estimated, and recorded in the past. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Credit Feb 12 To write off amount due from Vincent Price b) Assume that Vincent Price's situation changed and he paid you in full on March 24, 2020. Prepare the journal entries to record this transaction Date Account Title and Explanation Debit Credit Mar 24 To reinstate Vincent Price's account Mar 24 To record cash receipt of payment on account Check O Type here to search DI E e 9 B hp