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On January 1, Wei Company begins the accounting period with a $38,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company
On January 1, Wei Company begins the accounting period with a $38,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $8,400 in customer accounts was uncollectible; specifically, $1,700 for Oakley Company and $6,700 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $1,700 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. Date General Journal Debit Credit February 01 Date General Journal Debit Credit June 05 < Prev 3 of 3 Next > Date General Journal Debit Credit June 05
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