Question: Blue Mountain, Inc., uses the allowance method to account for bad debts. Record the following transactions that occurred during the year: Provided $4,450 of services

Blue Mountain, Inc., uses the allowance method to account for bad debts. Record the following transactions that occurred during the year:

Provided $4,450 of services to Ken Reeve on account. Wrote off Ken Reeve's $4,450 account as uncollectible. Unexpectedly collected $1,000 from Ken Reeve on the account that had been written off. Blue Mountain, Ic., does not expect to collect the remaining balance. May 3 o 8 Dec 10

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