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At the end of 2020 , Oak Corp. has accounts receivable of $446,700 and an allowance for doubdul sccounts of $27,400. On 13n uary 24,
At the end of 2020 , Oak Corp. has accounts receivable of $446,700 and an allowance for doubdul sccounts of $27,400. On 13n uary 24, 2021, Oaklearn that its $11,500 receivable from Hutley inc, is not collectible, Management authorites a write off. But on March 4. 2021, Osk Corp, recelves payment in futt of $11,500 from Huticy thic, after the write off. Prepare the required journal entries to recond this transaction. (List all debit entries before credit entries. Credit account tities ore automatically indented when the amount is entered. Do not indent manually, If no entry is required, select 'No Entry' for the account tities and enter 0 for the amounts
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