QS 7.6 (Algo) Allowance method for bad debts LO P2 Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an$2,200account of a customer, C. Green. On March 9, it receives a$1,700payment from Green. 1. Prepare the journal entry for January 31. 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. Journal entry worksheet Record the write-off of Green's$2,200account. Note: Enter deblts before credits. QS 7.6 (Algo) Allowance method for bad debts LO P2 Gomez Corporation uses the allowance method to account for uncollectibles. On January 31, it wrote off an$2,200account of a customer, C. Green. On March 9, it receives a$1,700payment from Green. 1. Prepare the journal entry for January 31 . 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. Journal entry worksheet Record the reinstatement of Green's account, assuming no additional money is expected. Note: Enter debits before credita. QS 7-6 (Algo) Allowance method for bad debts LO P2 Gomez Corporation uses the allowance method to account for uncollectibles. On January 31 , it wrote off an$2,200account of a customer, C. Green. On March 9, it recelves a \$1,700 payment from Green. 1. Prepare the journal entry for January 31 . 2. Prepare the journal entries for March 9 ; assume no additional money is expected from Green. Journal entry worksheet Record the cash receipt from Green. Notes Enter debits before credits.
