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Journalize transactions in accounts of jones corporation

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Reference no: EM131614014

Question - Journalize the following transactions in the accounts of Jones Corporation using the direct-write off method of handling uncollectible accounts.

Feb 3 Sold merchandise on account to Jane Rogers, $17,340. The cost of the merchandise sold was $9,500.

Sept 10 Received $5,000 from Jane Rogers on account.

Nov 30 Wrote off the remaining balance of Jane Rogers as uncollectible.

Dec 15 Received $7,000 from Jane Rogers on the account previously written off. Remember to first reinstate the account.

Reference no: EM131614014

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