Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off a

Question:

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off a $ 800 account of a customer, C. Green. On March 9, it receives a $ 300 payment from Green.
1. Prepare the journal entry or entries for January 31.
2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.