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On December 3 1 , 2 0 2 3 , when its accounts receivable were $ 3 5 4 , 0 0 0 and its
On December when its accounts receivable were $ and its Allowance for Expected Credit Losses
had an unadjusted debit balance of $ Crown Point Corp. estimated that $ of its accounts receivable
account would become uncollectible, and it recorded the credit losses adjusting entry. On May Crown Point
determined that Fei Ya Cheng's account was uncollectible and wrote off $ On November Cheng paid
the amount previously written off.
a
Prepare the required journal entries to record each of the above transactions. List all debit entries before
credit entries. Credit account titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select No Entry" for the account titles and enter for
the amounts. Record entries in the order displayed in the problem statement.
Date
Account Titles and Explanation
Debit
Credit
Date
Account Titles and Explanation
Debit
Credit
To reinstate account previously
written off
To record amount collected
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