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Mar.17Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.July29Reinstated the account of Shawn McNeely and received $1,000 cash in
Mar.17Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.July29Reinstated the account of Shawn McNeely and received $1,000 cash in full payment.Journalize the above transactions, using the allowance method of accounting for uncollectiblereceivables. Refer to the Chart of Accounts for exact wording of account titles.
journalize the transactions, using the allowance method of accounting for uncollectiblereceivables. Refer to the Chart of Accounts for exact wording of account titles
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