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(b) Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount
(b) Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) On March 31, a $1,000 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31. Date Account Titles and Explanation Debit Credit No. (1). (2). v (To reverse write-off) (To record collection of write-off.) 12/31/20 Adj. 12/31/20 Bal. Bad Debt Expense 23,074 23,074 Allowance for Doubtful Accounts 12/31/20 Bal. 12/31/20 Adj. 12/31/20 Bal. 12,500 23,074 35,574 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM VIDEO: SIMILAR PROBLEM Attempts: 0 of 1 used
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