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Brief Exercise 212 Nash's Trading Post, LLC uses the allowance method for estimating uncollectible accounts. Prepare Journal entries to record the following transactions: (Credit account
Brief Exercise 212 Nash's Trading Post, LLC uses the allowance method for estimating uncollectible accounts. Prepare Journal entries to record the following transactions: (Credit account titles are automatically indented when the amount is enterad. Do not indent manually. Record journal entries in the order presented in the problem.) January 5 Sold merchandise to Sue Land for $1,500, terms n/15. April 15 Received $400 from Sue Land on account. August 21 Wrote off as uncollectible the balance of the Sue Land account when she declared bankruptcy. October 5 Unexpectedly received a check for $600 from Sue Land. Date Account Titles and Explanation Debit Credit (To reverse write-off of Sue Land account) (To record collection from Sue Land account) Show Work is REQUIRED for this question: Open Show Work
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