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June Systems Company expected that F3-Ventures would not be able to pay their accounts receivable. Therefore, they wrote off the receivable on July 31, 2019
June Systems Company expected that F3-Ventures would not be able to pay their accounts receivable. Therefore, they wrote off the receivable on July 31, 2019 in the amount of $45,000. On November 30, surprisingly, F3-Ventures received an influx of capital from a venture capitalist and was able to pay $5,000 to June Systems Record the July and November journal entries on June System's books. Include the dates. I don't know how the formatting of the journal entry will look on my end when it's time to grade so please ensure debits are listed above credits (this is always how we do it, but just a reminder)
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