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The allowance at December 31, 2020 was $20,000. On May 1 you decide to write off Kimmy Kames' account for $7,000. On June 15 you
The allowance at December 31, 2020 was $20,000. On May 1 you decide to write off Kimmy Kames' account for $7,000. On June 15 you receive an unexpected payment from Kimmy. Required: Prepare the journal entry or entries required to write of the customer account.
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