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Show the appropriate journal entries

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Question - It was decided to write off R. Penny's account balance of $3,100 as uncollectible on 31 January 2013.

Required -

(a) Show the appropriate journal entries to record the write-off of this uncollectible debt.

(b) On 15 February 2013, the business received a cheque from Penny for $3,100 in settlement of her previously written off account. Show the appropriate journal entries to re-establish Penny's account and to record the $3,100 cash received.

Reference no: EM132963470

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