At the end of 2017, Hamad Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2018, the company learns that its receivable from Fahad Co is not collectible, and management authorizes a write-off of $6,200. Instructions: Prepare the journal entry to record the write-off

Q3 - Assume the same information as Q2. On March 4, 2018, Hamad Co. receives payment of $6,200 in full from Fahad Co. Instructions: Prepare the journal entries to record this transaction.