Question

Assume the same information as BE. On March 4, 2018, Carpenter Co. receives payment of $6,200 in full from Megan Gray.
In BE, At the end of 2017, Carpenter Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2018, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,200.
Prepare the journal entries to record this transaction.



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  • CreatedMarch 02, 2015
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