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On April 13, 2021, you discover that your customer Nathan Donaldson, is not able to pay the amount owing to you, which is San Required
On April 13, 2021, you discover that your customer Nathan Donaldson, is not able to pay the amount owing to you, which is San Required a) Prepare the appropriate journal entry to write off bad debt assuming AFDA has already been estimated, and recorded in the past Do not enter dollar signs or commas in the input boxes. Date Apr 13 Account Title and Explanation Debit Credit To write off amount due from Nathan Donaldson b) Nathan Donaldson's situation changes and he unexpectedly pays you in full on May 18, 2021. Prepare the journal entries to record this transaction. Account Title and Explanation Debit Credit Date May 18 May 18 To reinstate Nathan Donaldson's account To record cash receipt of payment on account
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