Business, 26.12.2021 02:40 21villalobosjabez
The USA Homecare Company uses the allowance method of accounting for uncollectible accounts.
Mar. 1 Received $225 from Jon Muncy in payment of a $900 account. The balance is written off as uncollectible.
May 30 Wrote off the account of Brenda Disesso, $815.
July 18 Received a check from Brenda Disesso in full payment of previously written-off account.
Required:
Record journal entries for the above listed transactions.
Answers: 2
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The USA Homecare Company uses the allowance method of accounting for uncollectible accounts.
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