Question: Lets go a bit further with the example from M8-3. Assume that on February 2, 2015, Extreme Fitness received a payment of $ 500 from

Let’s go a bit further with the example from M8-3. Assume that on February 2, 2015, Extreme Fitness received a payment of $ 500 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction.

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