apr. 15. received $1,080 from joe brown and wrote off the remainder owed of $4,350...
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Accounting
Apr. 15. Received $1,080 from Joe Brown and wrote off the remainder owed of $4,350 as uncollectible. Aug. 7. Reinstated the account of Joe Brown and received $4,350 cash in full payment. Required: Journalize the above transactions, using the allowance method of accounting for uncollectible receivables. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries
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