Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,800 account of a customer, C. Green. On March 9, it receives a $1,300 payment from Green. 1. Prepare the journal entry for January 31. 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list View journal entry worksheet V No 1 2 3 Date January 31 March 09 March 09 General Journal Allowance for doubtful accounts Accounts receivable-C. Green Accounts receivable-C. Green Allowance for doubtful accounts Cash Accounts receivable-C. Green Debit 1,800 1,300 1,300 Credit 1,800 1,300 1,300 ********

Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,800 account of a customer, C. Green. On March 9, it receives a $1,300 payment from Green. 1. Prepare the journal entry for January 31. 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list View journal entry worksheet V No 1 2 3 Date January 31 March 09 March 09 General Journal Allowance for doubtful accounts Accounts receivable-C. Green Accounts receivable-C. Green Allowance for doubtful accounts Cash Accounts receivable-C. Green Debit 1,800 1,300 1,300 Credit 1,800 1,300 1,300 ********

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Description: cesGomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,800 account of acustomer, C. Green. On March 9, it receives a $1,300 payment from Green.1. Prepare the journal entry for January 31.2. Pr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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