Question: CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 9-05 At the end of 2020, Oriole Co. has accounts receivable of
CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 9-05 At the end of 2020, Oriole Co. has accounts receivable of $801,800 and an allowance for doubtful accounts of $66,900. On January 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $5,700. On March 4, 2021, Oriole Co. receives payment of $5,700 in full from Megan Gray. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To reverse write off) (To record collection from Gray) Debit Credit
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