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6.) Accounts Receivable. In 20X8 one of Swingline's customers, Sonic Corporation's entire receivable balance was written off as uncollectible. In 20X9 Swingline unexpectedly received some
6.) Accounts Receivable. In 20X8 one of Swingline's customers, Sonic Corporation's entire receivable balance was written off as uncollectible. In 20X9 Swingline unexpectedly received some of the amounts due from Sonic. Additional information: Amount of receivable written off in 20X8 Amount collected in 20X9 87,500 18,700 18,700 $ 18,700 The journal entry or entries required are as follows: A. Accounts Receivable $ Allowance for Doubtful Accounts AND Cash $ Accounts Receivable 18,700 $ 18,700 Page 2 $ 87,500 $ 87,500 $ 18,700 $ 18,700 $ 18,700 B. Accounts Receivable Allowance for Doubtful Accounts AND Cash Accounts Receivable C. Cash Accounts Receivable D. Accounts Receivable Allowance for Doubtful Accounts AND Cash Accounts Receivable $ 18,700 $ 87,500 $ 87,500 $ 87,500 $ 87,500
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