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On June 15th, Year 1, ABC Company decided to write off the 1,200 accounts of Jimmy Jones. However, on January 11th, Year 2, Jimmy Jones
On June 15th, Year 1, ABC Company decided to write off the 1,200 accounts of Jimmy Jones. However, on January 11th, Year 2, Jimmy Jones comes in and pays off his account. Record the entries in both Year 1 and Year 2 required related to this information.
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