Question
JUNE 1 2020 - SAM WRIGHT ACCOUNTS RECEIVABLE OF 20.000 WAS DEEMED TO BE UNCOLLECTIBLE JUNE 15 2020 - PAYMENT RECEIVED IN FULL FOR MARY
JUNE 1 2020 - SAM WRIGHT ACCOUNTS RECEIVABLE OF 20.000 WAS DEEMED TO BE UNCOLLECTIBLE JUNE 15 2020 - PAYMENT RECEIVED IN FULL FOR MARY BELL ACCOUNTS RECEIVABLE OF 10.000 JUNE 20 2020 - PAYMENT OF 15.000 RECEIVED ON MIKE DAVID ACCOUNTS RECEIVABLE, BALANCE OF 20,000 DEEMED UNCOLLECTIBLE (TOTAL RECEIVABLE 35.000) ngS Question 16 JULY 15 2020 - PAYMENT IN FULL OF 20.000 RECEIVED ON SAM WRIGHT ACCOUNT PREVIOUSLY WRITTEN OFF DECEMBER 31, 2020 - IF APPLICABLE. USING THE PERCENTAGE OF SALES METHOD, THE ADJUSTMENT TO ALLOWANCE WAS COMPUTED TO BE 15,000 Assume the business uses the direct write-off method for accounting for uncollectible accounts, the journal entry for the June 1st transaction is: [ Select] Assume the business uses the allowance for doubtful accounts method for accounting for uncollectible accounts, the journal entry for the June 1st transaction [Select]
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