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At the end of its annual accounting period, Midi Company estimated its bad debts as 0 . 7 5 % of its $ 1 ,

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At the end of its annual accounting period, Midi Company estimated its bad debts as 0.75% of its $1,750,000 of credit sales mace during the year. On December 31, Midi made an addition to its Allowance for Doubtful Accounts equal to that amount. On the following months later, on June 5. Hicks unexpectedly paid the amount previously written off
Give the journal entries required to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Journal entry worksheet
Record the entry for estimated bad debts.
Note: Enter debits before credits
\table[[Date,General Journal,Debit,Credit],[\table[[December],[31]],,,],[,,,],[,,,],[,,,],[,,,]]
Journal entry worksheet
1
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Record the entry to written off amount due from Catherine Hicks.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[February 01,,,],[,,,],[,,,],[,,,],[,,,]]
Journal entry worksheet
q,
Record the entry to reinstate Catherine Hicks account previously written off.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[June 05,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
Journal entry worksheet
Record the receipt from Catherine Hicks.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[June 05,,,],[,,,],[,,,],[,,,],[,,,]]
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