Question: Assume the same information as in BE8-7, but that on March 4, 2015, Searcy Corp. receives payment in full of $8,000 from Hutley Inc. after

Assume the same information as in BE8-7, but that on March 4, 2015, Searcy Corp. receives payment in full of $8,000 from Hutley Inc. after the write off. Prepare the required journal entry(ies) to record this transaction.

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