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Business, 06.12.2019 22:31 brayannnnn36781

On january 1, wei company begins the accounting period with a $49,000 credit balance in allowance for doubtful accounts. on february 1, the company determined that $10,600 in customer accounts was uncollectible; specifically, $2,800 for oakley co. and $7,800 for brookes co. prepare the journal entry to write off those two accounts. on june 5, the company unexpectedly received a $2,800 payment on a customer account, oakley company, that had previously been written off in part a. prepare the entries to reinstate the account and record the cash received.

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On january 1, wei company begins the accounting period with a $49,000 credit balance in allowance fo...
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