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Received $1, 200 from Melissa Crone and wrote off the remainder owed of $4,000 as uncollectible. Reinstated the account of Melissa Crone and received $4,000
Received $1, 200 from Melissa Crone and wrote off the remainder owed of $4,000 as uncollectible. Reinstated the account of Melissa Crone and received $4,000 cash in full payment. Journalize the above transactions, using the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles
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