Flagler Corporation uses the direct write-off method of accounting for uncollectible accounts.On February 2,2016,after making numerous efforts to collect $9,600 from a customer,the company wrote off the account.On April 1,2016,the customer paid $8,000 to Flagler.Make the appropriate entries to 1)write off the account;2)reestablish the account receivable;and 3)to record the collection.

Question

Flagler Corporation uses the direct write-off method of accounting for uncollectible accounts.On February 2,2016,after making numerous efforts to collect $9,600 from a customer,the company wrote off the account.On April 1,2016,the customer paid $8,000 to Flagler.Make the appropriate entries to 1)write off the account;2)reestablish the account receivable;and 3)to record the collection.
Flagler Corporation uses the direct write-off method of accounting for uncollectible accounts.On February 2,2016,after making numerous efforts to collect $9,600 from a customer,the company wrote off the account.On April 1,2016,the customer paid $8,000 to Flagler.Make the appropriate entries to 1)write off the account;2)reestablish the account receivable;and 3)to record the collection.

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The Answer of Flagler Corporation uses the direct write-off method of accounting for uncollectible accounts.On February 2,2016,after making numerous efforts to collect $9,600 from a customer,the company wrote off the account.On April 1,2016,the customer paid $8,000 to Flagler.Make the appropriate entries to 1)write off the account;2)reestablish the account receivable;and 3)to record the collection.

Flagler Corporation Uses the Direct Write-Off Method of Accounting for Uncollectible