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Jade Company uses the allowance method to account for uncollectible receivables. On September 2 , Jade Company wrote off a $ 8 9 0 account
Jade Company uses the allowance method to account for uncollectible receivables. On September Jade Company wrote off a $ account receivable from customer Macks. On October Jade Company unexpectedly received full payment from Macks on the previously written off account Jade Company records an adjusting entry for bad debts expense of $ on October
Journalize Jade Company's writeoff of the uncollectible receivable.
Journalize Jade Company's collection of the previously written off receivable
Journalize Jade Company's adjustment for bad debts expense.
tableDateAccounts and Explanation,Debit,CreditOctCash,Accounts ReceivableMacks,,Collected cash on account,,
Finally, journalize Jade Company's adjustment for bad debts expense
tableDateAccounts and Explaratation,Debit,CreditOct
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