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every $1.00 of accounts receivable relating to Carla Vista Co. The company had previously written off 100% of the amount due from Carla Vista (
every $1.00 of accounts receivable relating to Carla Vista Co. The company had previously written off 100% of the amount due from Carla Vista ( $56,000 ). (a) Prepare the journal entry for Monty Corp. to write off the Sandhill receivable and any journal entry necessary to reflect the notice regarding Carla Vista Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) To write off the Sandhill accounts: Carla Vista Co. reinstatement of partial accounts receivable for amounts previously written off and now determined to be collectible
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