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Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,200 account of a customer, C. Green. On
Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,200 account of a customer, C. Green. On March 9, it receives a $1,700 payment from Green.
- record journal entry for January 31.