Finance Assignment | Professional Writing

My Mistake Inc. uses the Allowance for Doubtful Accounts method to account for Bad Debts. They have determined that Untrustworthy Co. will not pay their $12,678 Accounts Receivable. Requirement

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: A. Prepare the journal entry for the write-off B. After the write-off, Untrustworthy makes a partial payment of $3579. Prepare the journal entry(ies) to record the partial recovery and cash receipt

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