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Discuss extreme deterioration in the financial condition

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Recovery of an account previously written off because of the extreme deterioration in the financial condition of a customer, the customer's account in the amount of 7,500 was written off as uncollectible on july 23. By november 1, the customer's financial condition had improved such that the customer was able to pay the account in full. make that journal entry necessary to write the account off on July 23 and then to record the collection of the account on November.

Reference no: EM131763994

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