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Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it
Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $3,000 from Doey Company May 21 Sal Company unexpectedly receives payment of $3,000 cash from Joey Company toward its previously written-off account Sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method. View transaction list 5 Journal entry worksheet 1 2. 3 Sal Company determines that it cannot collect its accounts receivable of $3,000 from Joey Company. Note: Enter debits before credits. Debil Credit Date General Joumal May 03 View general journal Record entry Clear entry Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of 13, eee from Joey Company May 21 Sal Company unexpectedly receives payment of $3,000 cash from Joey Company toward its previously written-off account. sal records recovery of this bad debt. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the direct write-off method. View transaction fist Journal entry worksheet
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