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Chapman's Cycle Shop had trouble collecting its account receivable from Steve Stone. On April 19, Chapman's finally wrote off Stone's ( $ 3,300 ) account
Chapman's Cycle Shop had trouble collecting its account receivable from Steve Stone. On April 19, Chapman's finally wrote off Stone's \\( \\$ 3,300 \\) account receivable. Chapman's turned the account over to a lawye who pursued Stone for payment for the rest of the year. On December 31, Stone sent a \\( \\$ 3,300 \\) cheque to Chapman's Cycle Shop with a note that said, \"Here's your money. Please call off your bloodhound!\" Journalize the follow transactions for Chapman's Cycle Shop: April 19 Write-off of Stone's account against Allowance for Doubtful Accounts. December 31 Reinstatement of Stone's account. December 31 Collection of cash from Stone. Journalize the follow transactions for Chapman's Cycle Shop: April \\( 19 \\quad \\) Write-off of Stone's account against Allowance for Doubtful Accounts. December 31 Reinstatement of Stone's account. December 31 Collection of cash from Stone. On December 31 , journalize the reinstatement of Stone's account
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