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Brief Exercise 8-8 At the end of 2017 Pearl City Corp. has accounts rece vable of 92,500 and an allowance for doubtful accounts of $29,000.
Brief Exercise 8-8 At the end of 2017 Pearl City Corp. has accounts rece vable of 92,500 and an allowance for doubtful accounts of $29,000. On January 24, 2016, Pearl City learn th March 4, 2018, Pearl City Corp. receives payment in full of $11,300 from Hutley Inc. after the write off. at its $11,300 receivable from Hutley Inc. is not collectible. Ma a ernent authorizes a write of t on Prepare the required joumal entries to record this transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 4 (To reverse wnte off of account recetvable) Mar. 4 (To record collection of accountrecevable) SHOW LIST OF ACCOUNTS
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