Question: Allowance Method On April 1 2 , Maddox Company declared a $ 3 , 6 0 0 account receivable from the Ward Company as uncollectible

Allowance Method
On April 12, Maddox Company declared a $3,600 account receivable from the Ward Company as uncollectible and wrote off the account.
On December 5, Maddox received a $2,520 payment on the account from Ward. Use negative signs with answers, when appropriate.
b. Assume that the payment from Ward arrives on the following January 18, rather than on December 5 of the current year. Is there any difference in the overall financial statement impact?
Allowance Method On April 12, Maddox Company declared a $3,600 account

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