McGraw Medical Center has received a bankruptcy notice for Phillip Hollister. Hollister owes the medical center $1,350.
Question:
1. Make the journal entry necessitated by receipt of the bankruptcy notice.
2. Six months after the medical center received the bankruptcy notice, Hollister appeared requesting medical treatment. He agreed to pay his old bill in its entirety. Make the journal entry or entries necessary to record receipt of the $1,350 payment from Hollister.
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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