Check my work M8-4 Recording Recoveries Using the Allowance Method [LO 8-2) On December 31, 2017, Extreme Fitness has adjusted balances of $900,000 in Accounts Receivable and $75,000 in Allowance for Doubtful Accounts. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $20,000. Assume that on February 2, 2018, Extreme Fitness received a payment of $1.500 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the reversal of a customer account previously written off in the amount of $1,500. Note: Enter debits before credits General Journal Transaction Credit Debit 1,500 1.500 Check my work Assume that on February 2, 2018, Extreme Fitness received a payment of $1,500 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the receipt of cash of $1,500 from the customer. Note: Enter debits before credits Debit Credit General Journal Transaction View general Journal Clear entry