Take me to the text On May 10, 2023, a customer who owed you $1,200 informed you that they were filing for bankruptcy. Required a) Prepare the journal entry to record the write-off, assuming the company uses the allowance method. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation May 10 Jun 16 Jun 16 To write off customer Check b) Amazingly, on June 16, 2023, you receive a check in the mail from the customer with a letter of apology for not paying sooner. Prepare the journal entries using the allowance method. Date Account Title and Explanation To reverse prior write-off for customer Debit To record receipt of payment from customer Credit Debit Credit

Take me to the text On May 10, 2023, a customer who owed you $1,200 informed you that they were filing for bankruptcy. Required a) Prepare the journal entry to record the write-off, assuming the company uses the allowance method. Do not enter dollar signs or commas in the input boxes. b) Amazingly, on June 16, 2023, you receive a check in the mail from the customer with a lotter of apology for not paying sooner. Prepare the journal entries using the allowance method