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Prepare the journal entry for january

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Question - Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer, C. Green. On March 9, it receives a $300 payment from Green.

Required -

1. Prepare the journal entry for January 31.

2. Prepare the journal entries for March 9; assume no additional money is expected from Green.

Reference no: EM133134640

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