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Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,700 account of a customer, C. Green.
Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,700 account of a customer, C. Green. On March 9, it receives a $1,200 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 < 1 2 3 Record the write-off of Green's $1,700 account. Note: Enter debits before credits. Date January 31 General Journal Debit Credit Record entry Clear entry View general journal >
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