Shewlum cuuuuu Saved 8 Homework On December 31, 2014, Extreme Fitness has adjusted balances of...
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Shewlum cuuuuu Saved 8 Homework On December 31, 2014, Extreme Fitness has adjusted balances of $950,000 in Accounts Receivable and $85,000 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 $25,000. Assume that on February 2, 2015, Extreme Fitness received a payment of $2,000 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.) Kipped View transaction list eBook Print Journal entry worksheet References Record the reversal of a customer account previously written off in the amount of $2,000. Note: Enter debits before credits Transaction General Journal Debit Credit
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