Journalize the entries required for Gate City Cycles

Reference no: EM131819416

Question: Collecting a receivable previously written off-direct write-off method Gate City Cycles had trouble collecting its account receivable from Shawna Brown. On June 19, 2016, Gate City finally wrote off Brown's $700 account receivable. On December 31, Brown sent a $700 check to Gate City. Journalize the entries required for Gate City Cycles, assuming Gate City uses the direct write-off method.

Reference no: EM131819416

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