Question: M9-4 Recording Recoveries Using the Allowance Method Lets go a bit further with the example from M9-3. Assume that on February 2, 2009, Extreme Fitness

M9-4 Recording Recoveries Using the Allowance Method Let’s go a bit further with the example from M9-3. Assume that on February 2, 2009, 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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