ACC 226
Axia College of University of Phoenix (UoP)
Financial Accounting
Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)
ACC 226 Solution
Help in ACC 226
Quick Study Questions 9-2 (QS 9-2) Milner Corp. uses the allowance method to account for uncollectibles. On October 31, it wrote off a $1,000 account of a customer, C. Schaub. On December 9, it receives a $200 payment from Schaub.
1. Prepare the journal entry or entries for October 31.
2. Prepare the journal entry or entries for December 9; assume no additional money is expected from Schaub.
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