Collection of Amounts Previously Written Off Hannah purchased a laptop computer from Perry Corp. for...
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Accounting
Collection of Amounts Previously Written Off Hannah purchased a laptop computer from Perry Corp. for $1,500. Hannah's receivable has been outstanding for over 180 days, and Perry determines that the total amount is uncollectible and writes off all of Hannah's debt. Hannah later receives a windfall and pays the amount of her balance to Perry Corp. Required: Make the appropriate journal entries (if any) to record the receipt of $450 by Perry Corp. If an amount box does not require an entry, leave it blank
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