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Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer, C. Green. On
Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer, C. Green. On March 9, it receives a $300 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. Journal entry worksheet 1 2 3 Record the write-off of Green's $800 account. Note: Enter debits before credits. Date January 31 General Journal Debit Credit Record entry Clear entry View general journal 1 3 Record the reinstatement of Green's account, assuming no additional money is expected. Note: Enter debits before credits. Date March 09 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 Record the cash receipt from Green. Note: Enter debits before credits.. Date March 09 General Journal Debit Credit View general journal Record entry Clear entry
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