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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an as 95 $800 account of a customer, C.

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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an as 95 $800 account of a customer, C. Green. On March 9, it receives a $300 payment from Green. 1. Prepare the journal entry or entries for January 31 . 2. Prepare the journal entry or entries for March 9 ; assume no additional money is expected from Green. P2 counts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. year-end unadjusted debit balance of $300 ? Warner Company's year-end unadjusted trial balance shows accounts receivable of 599,000 , allowance for os 97, percent of sales method doubtful accounts of $600 (credit), and sales of $280,000. Uncollectibles arce Percent of accounts recelvable method P3 On August 2. Jun Co, receives a $6,000,90 day, 12% note from customer Ryan Albany as payment 0598 on his $6.000 iccount. (1) Compute the maturity date for this note. (2) Prepare Jun's journal entry for August 2. On August 2, Jun Co. receives a $6,000,90-day, 12% note from customer Ryan Albany as payment on his as 99 $6,000 account. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 Note res of that same year

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