Question: QS 7 - 6 ( Algo ) Allowance method for bad debts LO P 2 Gomez Corporation uses the allowance method to account for uncollectibles.

QS 7-6(Algo) Allowance method for bad debts LO P2
Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,300 account of a customer, C. Green. On March 9, it receives a $1,800 payment from Green.
Prepare the journal entry for January 31.
Prepare the journal entries for March 9; assume no additional money is expected from Green.
QS 7-6(Algo) Allowance method for bad debts LO P2 Gomez Corporation

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