Question: Assuming that the allowance method is being used, prepare general journal entries without explanations to record the following transactions. Omit cost of goods sold entries.

Assuming that the allowance method is being used,
Assuming that the allowance method is being used, prepare general journal entries without explanations to record the following transactions. Omit cost of goods sold entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) January 1 Sold merchandise to Ava Martin for $550 on account. February 1 Received $380 from Martin. July 1 Wrote off Martin's account as uncollectible. September 1 Unexpectedly received payment in full from Martin. Date Account Titles and Explanation Debit Credit

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