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Kitchen Equipment Company uses the allowance method to account for uncollectibles. On October 31, it...

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Accounting

Kitchen Equipment Company uses the allowance method to account for uncollectibles. On October 31, it wrote off a $1,240 account of a customer, Gwen Rowe. On December 9, it received an $840 payment from Rowe. a. Make the appropriate entry for October 31.

b. Make the appropriate entry or entries for December 9.

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