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Business, 27.05.2021 02:30 Bashirar19

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,900 account of a customer, C. Green. On March 9, it receives a $1,400 payment from Green. 1. Prepare the journal entry for January 31. 2. Prepare the journal entries for March 9; assume no additional money is expected from Green.

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Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an...
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