Collection of Amounts Previously Written Off

Hannah purchased a laptop computer from Perry Corp. for $1,500. Hannah's receivable has been outstanding for over 180 days, and Perry determines that the total amount is uncollectible and writes off all of Hannahs debt. Hannah later receives a windfall and pays the amount of her balance to Perry Corp.

Required:

Make the appropriate journal entries (if any) to record the receipt of $450 by Perry Corp.

	Reverse portion of write-off
	Record collection of accounts receivable