Business, 17.10.2019 23:30 cshopholic4921

On january 1, wei company begins the accounting period with a $40,000 credit balance in allowance for doubtful accounts. on february 1, the company determined that $8,800 in customer accounts was uncollectible; specifically, $1,900 for oakley co. and $6,900 for brookes co. prepare the journal entry to write off those two accounts. on june 5, the company unexpectedly received a $1,900 payment on a customer account, oakley company, that had previously been written off in part a. prepare the entries to reinstate the account and record the cash received.

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On january 1, wei company begins the accounting period with a $40,000 credit balance in allowance fo...

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