Question

Journalize the following transactions using the allowance method of accounting for uncollectible receivables:
July 7. Received $500 from Betty Williams and wrote off the remainder owed of $2,000 as uncollectible.
Nov. 13. Reinstated the account of Betty Williams and received $2,000 cash in full payment.



$1.99
Sales0
Views129
Comments0
  • CreatedMay 07, 2012
  • Files Included
Post your question
5000