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Question 12 of 22 < > View Policies Current Attempt in Progress Blossom Company uses the allowance method for estimating uncollectible accounts. -/10 E
Question 12 of 22 < > View Policies Current Attempt in Progress Blossom Company uses the allowance method for estimating uncollectible accounts. -/10 E E January 5 April Sold merchandise to Luke Ryan for $1,360, terms n/15. 15 Received $400 from Luke Ryan on account. August 21 Wrote off as uncollectible the balance of the Luke Ryan account when he declared bankruptcy. October 5 Unexpectedly received a check for $480 from Luke Ryan. Blossom estimates no additional payments will be received from Ryan. Prepare journal entries to record the above transactions: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation < < < > (To reverse write-off of account) (To record collection of account) Debit Credit
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