Question: QS 7-5 (Algo) Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it

QS 7-5 (Algo) Allowance method for bad debts LO P2 Gomez Corp.

QS 7-5 (Algo) Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,100 account of a customer, C. Green. On March 9, it receives a $1,600 payment from Green. 1. Prepare the journal entry for January 31. 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list Journal entry worksheet 1 2 3 Record the write-off of Green's $2,100 account. Note: Enter debits before credits. Date Jan 31 General Journal Debit Credit Record entry Clear entry View general journal >

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