alyssatamayo641
alyssatamayo641
24.04.2020 • 
Business

Jana Company uses the allowance method to account for uncollectible receivables. On July 2, Jana wrote off a $ 16,700 account receivable from customer J. Mears. On August 12, Jana unexpectedly received full payment from Mears on the previously written off account. Jana records an adjusting entry for bad debts expense of $910 on August 31. 9. Journalize Jana's write-off of the uncollectible receivable. 10. Journalize Jana's collection of the previously written off receivable. 11. Journalize Jana's adjustment for bad debts expense.

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