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Current Attempt in Progress At the end of 2 0 2 0 , Carpenter Co . has accounts receivable of $ 7 0 0 ,
Current Attempt in Progress At the end of Carpenter Co has accounts receivable of $ and an allowance for doubtful accounts of $ On January the company learns that its receivable from Megan Gray is not collectible, and management authorizes a writeoff of $ On March Carpenter Co receives payment of $ in full from Megan Gray. Prepare the journal entries to record this transaction. Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation Debit Credit To reverse writeoff To record collection from Gray
Current Attempt in Progress
At the end of Carpenter Co has accounts receivable of $ and an allowance for doubtful accounts of $ On January the company learns that its receivable from Megan Gray is not collectible, and management authorizes a writeoff of $ On March Carpenter Co receives payment of $ in full from Megan Gray.
Prepare the journal entries to record this transaction. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
To reverse writeoff
To record collection from Gray
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