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Prepare the general journal entries for the following transactions 1/15/2025 XYZ sold merchandise on account to Smith & Son n/30 - $2,000. 1/30/2025 Collected $1,300

Prepare the general journal entries for the following transactions

1/15/2025 XYZ sold merchandise on account to Smith & Son n/30 - $2,000.

1/30/2025 Collected $1,300 from Smith & Son related to the 1/15/25 sale.

8/12/2025 Decided to write off the balance due from Smith & Son after receiving notice that the

company filed for bankruptcy.

12/16/2025 Unexpectedly received a check from Smith & Son in the amount of $200.

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