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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,700 account of a customer, C. Green. On
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,700 account of a customer, C. Green. On March 9, it receives a $2,200 payment from Green. 1. Prepare the journal entry for January 31 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list Journal entry worksheet 2 3 Record the write-off of Green's $2,700 account Note: Enter debits before credits. Date General Journal Debit Credit Jan 31 Record entry Clear entry View general journal Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,700 account of a customer, C. Green. On March 9, it receives a $2,200 payment from Green. 1. Prepare the journal entry for January 31 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list Journal entry worksheet Record the reinstatement of Green's account, assuming no additional money is expected. Note: Enter debits before credits. General Journal Debit Credit Date Mar 09 Record entry Clear entry View general journal Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,700 account of a customer, C. Green. On March 9, it receives a $2,200 payment from Green. 1. Prepare the journal entry for January 31 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list Journal entry worksheet
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