Question

Gate City Cycles had trouble collecting its account receivable from Sue Ann Noel. On June 19, 2014, Gate City finally wrote off Noel’s $ 700 account receivable. On December 31, Noel sent a $ 700 check to Gate City. Journalize the entries required for Gate City Cycles, assuming Gate City uses the direct write-off method.



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  • CreatedJanuary 16, 2015
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