Question: Record entries for these transactions assuming the allowance method is used: Jan. 10 The $300 account of customer Cool Jam is determined uncollectible. April 12

Record entries for these transactions assuming the allowance method is used:

Jan. 10The $300 account of customer Cool Jam is determined uncollectible.
April 12Cool Jam unexpectedly pays in full the account deemed uncollectible on Jan. 10.

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