Question: Journalize entries for the following situations (assume direct write-off method). Situation 1: Wrote off Kathy Mark as a bad debt two years after the sale

Journalize entries for the following situations (assume direct write-off method).

  • Situation 1: Wrote off Kathy Mark as a bad debt two years after the sale of $80.
  • Situation 2: Reinstated Kathy Mark, who sent in her past due amount two years after it had been written off.
  • Situation 3: Wrote off Kathy Mark as a bad debt two years after the sale for $80. (assume allowance method)
  • Situation 4: Reinstated Kathy Mark, who sent in her past due amount.

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