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CALCULATOR FULL SCREEN PRINTER VERSION TRACK NEXT Brief Exercise 8-5 At...

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Accounting

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CALCULATOR FULL SCREEN PRINTER VERSION TRACK NEXT Brief Exercise 8-5 At the end of 2019, Carpenter Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $54,000. On January 24, 2020, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,200. On March 4, 2020, Carpenter Co. receives payment of $6,200 in full from Megan Gray. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To reverse write-off) tudy (To record collection from Gray) Click if you would like to show Work for this question: Open Show Work

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