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On January 1, Wei Company begins the accounting period with a $50,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the
On January 1, Wei Company begins the accounting period with a $50,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $10,800 in customer accounts was uncollectible; specifically, $2,900 for Oakley Company and $7,900 for Brookes Company Prepare the journal entry to write off those two accounts b. On June 5, the company unexpectedly received a $2,900 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. s View transaction list eBook Print eferences 1 On February 1, the company determined that $10,800 in customer accounts was uncollectible; specifically, $2,900 for Oakley Company and $7,900 for Brookes Company. Prepare the journal entry to write off those two accounts. 2 Record the reinstatement of Oakley's account, if necessary. 3 Record the receipt of the amount due from Oakley. counts O for counts. Credit Note: = journal entry has been entered Record entry Clear enter Journal entry worksheet eBook < 1 2 3 Print References On February 1, the company determined that $10,800 in customer accounts I was uncollectible; specifically, $2,900 for Oakley Company and $7,900 for Brookes Company. Prepare the journal entry to write off those two accounts. Note: Enter debits before credits. Date February 01 General Journali Debit Credit Record entry Clear entry View general Journal Journal entry worksheet eBook < 1 2 3 Print Record the reinstatement of Oakley's account, if necessary. References Note: Enter debits before credits. Date General Journal Debit Credit June 05 Record entry Clear entry View general Journal points eBook Journal entry worksheet < 1 2 3 Record the receipt of the amount due from Oakley. Print References Note: Enter debits before credits Date June 05 General Journal Debit Credit View general journal Record entry Clear entry
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