On December 8, 2019, after a threatened lawsuit by Alonzo Plumbing, Ashley Madison paid the $7,400 account charged off on April 30, 2019 (Exercise 15.4). Give the entries in general journal form to reinstate Madison’s account and to record the receipt of her check.

In Exercise 15.4

On April 30, 2019, Alonzo Plumbing, which uses the allowance method, decided that the $7,400 account of Ashley Madison was worthless and should be written off. Give the general journal entry to record the write-off.