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a. On January 25, 2021, Habet & Habet Co. Ltd sold $7,800 of merchandise to customer A. Patnett on account. On March 8, 2021,
a. On January 25, 2021, Habet & Habet Co. Ltd sold $7,800 of merchandise to customer A. Patnett on account. On March 8, 2021, the store collected $5,000 from Patnett and wrote off the remainder as uncollectible. On October 24, 2021, Patnett returned to pay her remaining debt in full. Journalize the OCTOBER 24, 2021 transaction ONLY. State your narrative. (Habet & Habet Co. Ltd is a large business this should allow you to know whether they use the Direct Write Off or Allowance method) (5 pts) -
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
131495380, 978-0131495388
