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On January 1. Wel Company begins the accounting period with a $47,000 credit balance in Alowance for Doubtful Accounts 0. On February 1, the company
On January 1. Wel Company begins the accounting period with a $47,000 credit balance in Alowance for Doubtful Accounts 0. On February 1, the company determined that $10,200 in customer accounts was uncollectible; specifically, $2,600 for Oakley Company and $7,600 for Brookes Company Prepare the journal entry to write off those fwo accounts. b. On June 5 , the company unexpectedly received a $2600 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entales to reinstate the account and record the cash received Journal entry worksheet On February 1 , the company determined that $10,200 in customer accounts was uncollectible; spocifically, $2,600 for Oakley Company and $7,600 for Brookes Company. Prepare the journal entry to white off those two occounts. Noter tinter debits before crests Journal entry worksheet Record the reinstatement of Oakley's account, if necessary. Note: Enter debits before credits. Journal entry worksheet Record the receipt of the amount due from Oakley. Note: Enter debits before credits
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