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On January 1, Wei Company begins the accounting period with a $50,000 credit balance in...

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Accounting

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On January 1, Wei Company begins the accounting period with a $50,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $10,800 in customer accounts was uncollectible; specifically, $2,900 for Oakley Company and $7,900 for Brookes Company Prepare the journal entry to write off those two accounts. b. On June 5 , the company unexpectedly received a $2,900 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. Journal entry worksheet On February 1, the company determined that $10,800 in customer accounts was uncollectible; specifically, $2,900 for Oakley Company and $7,900 for Brookes Company. Prepare the joumal entry to write off those two accounts. Note: Enter debits before credits

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