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Prepare journal entries to record transaction for windsor

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At the end of 2020, Windsor, Inc. has accounts receivable of $772,200 and an allowance for doubtful accounts of $55,000. On January 24, 2021, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $5,900. On March 4, 2021, Windsor, Inc. receives payment of $5,900 in full from Megan Gray.

Problem 1: Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM132699236

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