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LO3. How are uncollectibles accounted for when using the allowance method a) ABC Company has the following transactions. Write the journal entry for the following

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LO3. How are uncollectibles accounted for when using the allowance method a) ABC Company has the following transactions. Write the journal entry for the following using the allowance method: a. ABC Company determined that it will not be able to collect $1,000 from customer Mark Jones. b. ABC Company unexpectedly received the $1,000 from Mark Jones previously written off. Date Accounts and Explanation Debit Credit

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