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  3. 2. record the receipt of cash $900 from the custom

2. Record the receipt of cash $900 from the customer? value 2.50...

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Accounting

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2. Record the receipt of cash $900 from the customer?
value 2.50 points M8-4 Recording Recoveries Using the Allowance Method [LO 8-2] On December 31, 2014, Extreme Fitness has adjusted balances of $840,000 in Accounts Receivable and $63,000 in Allowance for Doubtful Accounts. On January 2, 2015, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $14,000. Assume that on February 2, 2015, Extreme Fitness received a payment of $900 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the reversal of a customer account previously written off in the amount of $900. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Type here to serarit O Type here to search

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