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Amount is $600 Heads Up: In this module you will be required to record the: (1) recovery of a bad debt, (2) payment of csh
Amount is $600
Heads Up: In this module you will be required to record the: (1) recovery of a bad debt, (2) payment of csh dividend declared, (3) replenish a petty cash fund, and (5) required Journal entries for a bank reconciliation June 24: Record the recovery of a bad debt Today, an agent for Frank's Cafe remitted a check for the account which was previously written off on June 18. Examine the subsidiary ledger for accounts receivable to find the sales invoice number and the amount of the direct write-off. Invoice Number: RECOV (recovery). Customer Number: 10830. Two entries are required: 1. reinstate the account (reverse the lune 18 write-off entry) 2. record the receipt of the check June 25: Record the payment of the declared cash dividend Record the payment of the cash dividend declared on June 9. Check number 45009. Invoice Number DIVPD (dividend paid)Step by Step Solution
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