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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,100 account of a customer. C. Green. On
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,100 account of a customer. C. Green. On March 9, it receives a $1,600 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. (Note from Dr. Beck: Do this with two separate journal entries) Journal entry worksheet Record the write-off of Green's $2,100 account. Noee: fenter debits before credits. uncollectibles. On January 31 , it wrote off an $2,100 account of a customer, C. Green. On March 9 , it receives a $1,600 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. (Note from Dr. Beck: Do this with two separate journal entries) Journal entry worksheet 3 Record the reinstatement of Green's account, assuming no additional money is expected. Note: Enter debits before credits. Gomez Corp. uses the allowance method to account for uncollectibles. On January 31 , it wrote off an $2,100 account of a customer, C. Green. On March 9, it receives a $1,600 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. (Note from Dr. Beck: Do this with two separate journal entries) Journal entry worksheet 1 Record the cash receipt from Green. Note: Enter debats before credit
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