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ESTOS DOS University Cycle Shop had trouble collecting its account receivable from Matt Reid On January 19, University finally wrote off Reid's 52,400 account receivable
ESTOS DOS University Cycle Shop had trouble collecting its account receivable from Matt Reid On January 19, University finally wrote off Reid's 52,400 account receivable University turned the account over to a lawyer who pursued Rold for payment for the rest of the year. On December 31, Reid sent a 52.400 cheque to University Cycle Shop with a note that said. Here's your money Please call off your bioodhound Journalice for University Cycle Shop Jan 19 Write off of Reids account against Allowance for Doubtful Accounts Dec 31 Reinstatement of Reid's account 31 Collection of cash from Reid Begin with the Jan 19th transaction to write-off of Reid's account against Allowance for Doubtful Accounts. (Record debits first, then credits. Explanations are not required.) Joumal Entry Date Accounts Debit Credit Jan 19 On Dec 31, journalize the reinstatement of Reid's account Journal Entry Choose from any list or enter any number in the input helds and then continue to the next question This Question: 1 pt 2 of 16 (0 complete) University Cycle Shop had trouble collecting its account receivable from Matt Reid. On January 19, University finally wrote off Reid's $2,400 payment for the rest of the year. On December 31, Reid sent a $2,400 cheque to University Cycle Shop with a note that said, "Here's your me Journalize for University Cycle Shop Jan 19 Write-off of Reid's account against Allowance for Doubtful Accounts Dec 31 Reinstatement of Reid's account 31 Collection of cash from Reid ALCOUNTS ware LEUIL Creu Dec 31 Now enter the second Dec 31st transaction, the collection of cash from Reid. Journal Entry Date Accounts Debit Credit Dec 31 Choose from any list or enter any number in the input fields and then continue to the next question, I Type here to search W
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