Question
On January 1, Wei Company begins the accounting period with a $43,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the
On January 1, Wei Company begins the accounting period with a $43,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $9,400 in customer accounts was uncollectible; specifically, $2,200 for Oakley Company and $7,200 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5, the company unexpectedly received a $2,200 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. View transaction list Journal entry worksheet 1 2 3 On February 1, the company determined that $9,400 in customer accounts was uncollectible; specifically, $2,200 for Oakley Company and $7,200 for Brookes Company. Prepare the journal entry to write off those two accounts. Note: Enter debits before credits. Date February 01 General Journal Debit Credit
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