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Instructions Received $810 from Jean Tooley and wrote off the remainder 15. Apr owed of $4,820 as uncollectible. Reinstated the account of Jean Tooley and
Instructions Received $810 from Jean Tooley and wrote off the remainder 15. Apr owed of $4,820 as uncollectible. Reinstated the account of Jean Tooley and received $4,820 Aug. 7. cash in full payment Required: Journalize the above transactions, using the direct write-off method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. Instructions Spring Designs & Decorators issued a 180-day, 4% note for $76,800, dated April 13 to Jaffe Furniture Company on account Required: A. Determine the due date of the note. B. Determine the maturity value of the note. Assume a 360-day year when calculating interest. C. Journalize the entries to record the following: (1) receipt of the note by Jaffe Furniture and (2) receipt of payment of the note at maturity. Refer to the Chart of Accounts for exact wording of account titles
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