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Question 4 At the end of 2017, spacore Corp, has accounts recelvable of $432.700 and an allowance for doubtful accounts of $30,900. On January 24,
Question 4 At the end of 2017, spacore Corp, has accounts recelvable of $432.700 and an allowance for doubtful accounts of $30,900. On January 24, 2018, Sipacore learns that its $1,300 recelvable from Hutley Inc. Is not collectible. Management authorizes a write off But on March 4, 2018, Sipacore Corp, recelves payment in full of $11,300 from Hutley tnc, after the write off. Prepare the requiredjournal entries to record this transactlon. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually, If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Tities and Explanation Mar. 4 Deblt Credit To reverse write off of account receivable) t recevatle) Mar. 4 To record collaction of account recetvable)
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