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Show all work for the problem On August 1, 2019, Your Company wrote-off an uncollectible account in the amount of $28,000 from The Bum Corporation.

Show all work for the problem

On August 1, 2019, Your Company wrote-off an uncollectible account in the amount of $28,000 from The Bum Corporation. On June 22, 2020, The Bum Corporation gave Your Company $5,000 of the original amount owed. Show the entries you would make on the spread sheet that would allow you to collect the $5,000. You do not need to show the original write-off. You may not need all three lines.

Cash Flows Cash AR ADA Liabilities Equity CS+RE Revenues Expenses Net income

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