During July 2019,Midtown Catering recorded the following:
Catering services of $86,400 were provided ($64,500 on account,$21,900 for cash)
Collections on account,$58,950
Write-offs of uncollectible receivables,$2,560
Recovery of receivable previously written off,$1,000
Journalize Midtown's transactions during July,assuming Midtown uses the allowance method.Omit explanations.
Correct Answer:
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