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Sunrays Inc

Question 43

Essay

Sunrays Inc.had completely written off the account of one of its old customers,Brad,in 2014 for $500.On January 21,2015,Brad unexpectedly repaid his debt in full.The company uses the direct write-off method to account for uncollectible receivables.Journalize the entries required for Sunrays Inc.on January 21,2015.

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