Mar. 17 received $275 from shawn mcneely and wrote off the remainder owed of $1,000 as uncollectible. july 29 reinstated the account of shawn mcneely and received $1,000 cash in full payment. journalize the above transactions, using the allowance method of accounting for uncollectible receivables. refer to the chart of accounts for exact wording of account titles.

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.