Question: Journalize entries for the following situations (assume allowance method): Situation 1: Wrote off Kathy Mark as a bad debt two years after the sale for

Journalize entries for the following situations (assume allowance method):
Situation 1: Wrote off Kathy Mark as a bad debt two years after the sale for $80.
Situation 2: Reinstated Kathy Mark, who sent in her past due amount.

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