1. Journalize the following entries using the allowance method of accounting for uncollectible receivables: a....
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Accounting
1. Journalize the following entries using the allowance method of accounting for uncollectible receivables: a. Apr 5: Received $1,000 from the customer, Ida Payulaeder, and wrote off the remaining $500 owed by the customer as uncollectible: (6.25 pts) Description/Account Debit Credit Illustrate how the above entry will affect the accounting equation: Assets Liabilities Owner's Equity b. November 22: Reinstated Ida Payulaeder's account and received $500 in full payment: 16.25 pts) Date Description/Account Debit Credit Illustrate how the above entry will affect the accounting equation: Assets Liabilities Owner's Equity
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