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On April 22 , a company wrote off a $2,600 account of a customer. On July 30 , it receives a $2,100 payment from the
On April 22 , a company wrote off a $2,600 account of a customer. On July 30 , it receives a $2,100 payment from the customer that originally did not pay. The company uses the allowance method to account for uncollectibles. 1. Prepare the journal entry for April 22. 2. Prepare the journal entries for July 30 ; assume no additional money is expected from customer. Journal entry worksheet Record the reinstatement of customer's account, assuming no additional money is expected. Journal entry worksheet
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